Upbit Sees Explosive 273% Volume Spike Fueled by Bitcoin’s Rally
TL;DR
- Upbit, South Korea’s largest exchange, recorded a 273% surge in its 24-hour trading volume.
- Daily volume reached $1.84 billion, the highest level since mid-March, driven by the Bitcoin rally.
- XRP was the most traded asset with $418.9 million in transactions, followed by Bitcoin, USDT and Ethereum.
The South Korean exchange Upbit recorded a 273% jump in its 24-hour trading volume, according to recently published data from CoinGecko. The platform processed approximately $1.84 billion in transactions during the last session, the highest daily level since mid-March, closely tied to the Bitcoin rally.
The most traded asset was XRP, with $418.9 million in operations, followed by Bitcoin, USDT and Ethereum. Bithumb, the country’s second-largest exchange, also recorded a 132.9% increase in its volume, which reached $934.9 million in the same period.
Upbit’s Return to the Top of the Market
The performance contrasts with a first half marked by the sustained deterioration of financial results at both platforms. The prolonged bear market that began in early 2026 diverted capital and interest toward the local stock exchange, particularly toward the KOSPI index, which reached all-time highs driven by the artificial intelligence boom in semiconductors and by companies such as Samsung Electronics and SK Hynix.
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