XRP ETF

when

<p>According to recent data, the top four exchanges (Upbit, Binance, Bithumb, and Uphold) control the vast majority of the exchange-held supply.</p>
<p>The combined market share of these four crypto giants stands at an enormous 80%. Together, they hold roughly 12.3 billion XRPs.</p>
<p>There is also a drop-off after fourth place. There is a 1.1 billion difference between Uphold and Bitbank.</p>
<h2 id="south-korean-dominance">South Korean dominance</h2>
<p>The data shows that Upbit is the clear outlier. The South Korean exchange 2.5x more XRP than the world’s largest exchange, Binance. This is a known market phenomenon specific to XRP. In South Korea, XRP is exceptionally popular among retail investors.</p>
<p>This heavy accumulation is frequently linked to the Kimchi Premium.</p>
<p>Binance is typically in first place for most assets, for XRP it sits firmly in second place. Its 21 wallets show a complex custody structure.</p>
<p>The presence of Bithumb in third place clearly shows the Korean dominance. Combined with Upbit, these two South Korean exchanges alone control over 52% of the XRP represented on this list.</p>
<h2 id="xrp-friendly-exchange">XRP-friendly exchange</h2>
<p>Uphold has historically positioned itself as an "XRP-friendly" exchange. It supported the asset during periods when other US exchanges delisted it due to SEC litigation. Hence, their high ranking is not even remotely surprising.</p>
<p>In fact, as reported by U.Today, XRP was the most traded cryptocurrency on the exchange.</p>
<h2 id="xrp-etf-share">XRP ETF share</h2>
<p>In the meantime, the share of the XRP supply controlled by exchange-traded products currently stands at only 1%. The percentage might not seem impressive, but these products have had successful launches.</p><a href="https://u.today/total-number-of-xrps-held-on-exchanges-revealed" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Total Number of XRPs Held on Exchanges Revealed

Table of Contents

U.Today

Other articles published on Dec 31, 2025

Join our free newsletter for daily crypto updates!