Upbit Reports Massive Trading Surge, Driven by ETH/KRW

South Korean cryptocurrency exchange Upbit has recorded a significant surge in trading volume, reaching $20.95 billion in a single day. The surge was fueled primarily by the ETH/KRW trading pair, accounting for 17.12% of total volume, according to CoinGecko data. 24-hour volume witnessed a notable increase driven by this particular trading pair. Notably, the absence of immediate statements from Upbit executives, including CEO Sirgoo Lee and Founder Song Chi-hyung, highlights the focus on market developments rather than public pronouncements.