Gemini

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Interest in <a href="https://u.today/millions-of-xrp-on-move-as-price-weighs-next-move" rel="noopener noreferrer nofollow">XRP</a>, the fifth-largest cryptocurrency by market capitalization, seems to be sustaining on Korean crypto exchanges. 
According to <a href="https://coinmarketcap.com/exchanges/bithumb/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, XRP took the top spot as the most traded asset on Bithumb, one of South Korea's largest crypto exchanges that boasts $205 million in daily trading volume. 
The same can also be seen on UPbit Korea, South Korea's largest cryptocurrency exchange in terms of trading volume, where XRP ranks as the most traded asset in the last 24 hours. 
The same trend was seen on Korbit, a South Korean exchange, with XRP coming in as the most traded asset with the highest trade volumes in the last 24 hours. 
Meanwhile, XRP is not showing any massive price rise, which would have been a trigger for its emergence as the most traded asset on these platforms. At the time of writing, XRP was up 1.40% in the last 24 hours to $0.521, mirroring the slight <a href="https://u.today/xrp-nearly-oversold-per-this-indicator" rel="noopener noreferrer nofollow">rebound</a>&nbsp;seen across the cryptocurrency markets. 
It thus goes on to say that XRP trading has become the norm for South Korean traders. South Korea has an extensive track record of trading cryptocurrencies other than the top two by market capitalization, BTC and ETH. According to Kaiko, these digital assets often account for over 70% of the total South Korean trading volume, with XRP being the most popular altcoin in this region. 
As reported, a recent survey in South Korea revealed the altcoin's popularity among Gen Z investors. Data showed that investors in the 20-year-old age group in South Korea only accounted for 17.5% of their total investment in Bitcoin and Ethereum, and their favorite altcoin was XRP, accounting for 20.7%. 
In similar exchange news, the <a href="https://twitter.com/Gemini/status/1695076059455381866" rel="noopener noreferrer nofollow">Gemini</a> crypto exchange announced in a recent tweet that its users can now earn XRP rewards via the Gemini Credit Card.

XRP Sustains Demand on Korean Crypto Exchanges: Details

U_Today

Other articles published on Aug 26, 2023

Friend.tech Jumps, Binance Launches, Action Lawsuits and 20 Crypto Jokes

Federal Reserves May Raise Interest Rates Again; Market in Dilemma

Regulatory Worries Plunge Worldcoin (WLD) Price by 47% in a Month

ARK Invest and 21Shares Team Up for Ethereum Futures ETF Applications

PayPal’s PYUSD Stablecoin Faces Adoption Challenges

Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings

Join our free newsletter for daily crypto updates!