Upbit Trading Volume Plummets by Nearly 40%

Crypto exchange Upbit has witnessed a significant decline in trading volume, according to data from BlockBeats and CoinGecko. Trading volumes reached $2.845 billion over the past 24 hours, representing a steep drop of 37.7%. Notably, the XRP/KRW pair accounted for the largest share of this volume at 16.85%, dominating trading activity within the Korean won market. Other popular pairings on Upbit include Ethereum (ETH), Kaito (KAITO), Dogecoin (DOGE), and Bitcoin (BTC).