XRP Surpasses Bitcoin and Ether in South Korean Trading Volume on Upbit
XRP has overtaken Bitcoin and Ether in spot trading volume on South Korea's largest cryptocurrency exchange, Upbit.
XRP has overtaken Bitcoin and Ether in spot trading volume on South Korea's largest cryptocurrency exchange, Upbit. Bitcoin (BTC) is trading at ₹78,51,848 ($82,564.00), up 0.5% since this brief published. This is an original Token Times brief synthesising 2 outlets (Bitcoin.com, U.Today), plus live market data, as of Fri, 16 Oct 2026 12:00:01 UTC.
This development highlights XRP's growing popularity in South Korea, potentially signaling increased institutional and retail interest in the cryptocurrency despite its recent price decline. It also underscores the influence of regional exchanges on global crypto trading dynamics.
- XRP/KRW pair led Upbit's 24-hour spot trading volume with $145.57M.
- XRP beat Bitcoin and Ether on Upbit despite its 7-day price decline.
- South Korean market shows strong demand for XRP amid broader market gains.
Both Bitcoin.com and U.Today confirm that XRP's trading volume on Upbit exceeded that of Bitcoin and Ether, with Bitcoin.com providing the specific figures: XRP/KRW at $145.57 million, and BTC/KRW at $126.50 million. While Bitcoin.com focuses on the trading volume data, U.Today emphasizes the broader market context, including the impact of US CPI data and StanChart's UAE trading desk expansion. The outlets agree on the XRP volume leadership but differ in their emphasis on market factors.
XRP has emerged as the top traded cryptocurrency on South Korea's largest cryptocurrency exchange, Upbit, surpassing both 
Bitcoin and Ether in spot trading volume. According to data from the first snapshot, the XRP/KRW pair recorded a 24-hour trading volume of $145.57 million, accounting for 11.74% of Upbit's total volume.
This achievement comes despite XRP's recent price decline, which saw it drop by 4.09% over the past seven days. In contrast, Bitcoin and Ether experienced gains of 1.74% and 0.50% respectively during the same period. The second and third spots on Upbit's trading volume list were occupied by BTC/KRW at $126.50 million and ETH/KRW at $105.20 million.
The data, which was circulated more than seven hours apart, indicates sustained interest in XRP among South Korean traders. This trend is particularly noteworthy given the broader market conditions, where the total crypto market cap stands at $2.84 trillion and the Fear & Greed Index is at 63, indicating a state of 'Greed'.
The development highlights the growing influence of regional exchanges on global crypto trading dynamics. South Korea, with its tech-savvy population and strong crypto adoption, plays a significant role in shaping these trends. The XRP/KRW pair's performance on Upbit suggests a strong demand for XRP in the region, which could have implications for its global market position.
In the broader market context, Bitcoin is currently trading at $82,194, up 1.74% in the last 24 hours, while XRP is at $1.34, up 2.96% in the same period. The overall market is broadly up, reflecting a positive sentiment among investors.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹78,16,660.91$82,194.00 to ₹78,51,847.96$82,564.00 — +0.45%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, ₹23.24M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.61M (about $82,564.00), up 2.1% over 24 hours. The rupee itself trades about 9.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
XRP Surpasses Bitcoin and Ether in South Korean Trading Volu — questions & answers
Why did XRP's trading volume surpass Bitcoin and Ether on Upbit?
The exact reason is unclear, but it indicates strong demand for XRP among South Korean traders, potentially due to regional factors and market dynamics.
How does this affect XRP's overall market position?
While it boosts XRP's visibility, its 7-day price decline suggests potential volatility. Sustained trading volume could support future price stability.
What broader market factors might be influencing this trend?
The positive overall market sentiment and the Fear & Greed Index at 63 suggest investor confidence, which could be driving increased trading activity.
How much is 1 Bitcoin worth in rupee today?
About ₹8.61M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,564.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.45% since this brief first published — trading at ₹78,51,848 ($82,564.00) now versus ₹78,16,661 ($82,194.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com, U.Today, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.