Key Insights:
- XRP generated more than $1 trillion trading volume on Upbit throughout 2025 alone.
- Upbit reported XRP as its most traded digital asset across 2025 trading activity.
- XRP recorded $110.9 million volume, exceeding Bitcoin and Ethereum on May 13.
- Korean institutions increased involvement through exchange investments and blockchain infrastructure development efforts.
XRP remains one of the most traded digital assets in South Korea as trading activity continues to outpace Bitcoin and Ethereum on the country’s largest cryptocurrency exchange. the token generated more than $1 trillion in trading volume on Upbit during 2025. The exchange controls a large share of South Korea’s cryptocurrency market and serves millions of users across the country.
XRP also continued to post strong trading numbers in 2026. On May 13, the token recorded $110.9 million in 24-hour trading volume on Upbit. Bitcoin reached $88.6 million, while Ethereum recorded $67 million during the same period.
XRP Records Strong Trading Volumes Across South Korea
According to figures cited by X Finance Bull, Upbit named XRP as its most traded digital asset throughout 2025. The reported volume exceeded $1 trillion on the exchange during the year. The asset regularly accounted for between 15% and 22% of daily trading volume. During peak trading periods, daily XRP volume reportedly reached $1.22 billion.
Based on X Finance Bull, Upbit serves about 13.26 million users as South Korea has a population of roughly 51 million people. The figures suggest that a large portion of the population participates in digital asset markets through the platform.
XRP maintained strong trading activity and remained ahead of Bitcoin and Ethereum on several trading days. Market observers noted that the asset continue attracting active participation from South Korean traders.
Comments from industry executives also pointed to XRP’s presence in local markets. During the Bitcoin Seoul event, Evernorth CEO reportedly stated that one of the most traded digital assets at the event was XRP rather than Bitcoin.
Institutions Expand Presence in Korean Crypto Infrastructure
Institutional interest in South Korea’s cryptocurrency sector has also drawn attention. Reports indicated that Mirae Asset acquired a 20% stake in Korbit, one of the country’s cryptocurrency exchanges.
Additional reports suggested that Hana was exploring involvement with Upbit. Neither development changes market structure immediately, but both point to growing institutional participation in exchange infrastructure.
Industry discussions at Bitcoin Seoul focused heavily on blockchain use cases. Several panels examined tokenized assets and tokenized treasury products. Representatives from Ondo discuss tokenized treasuries, while SBI participate in discussions about tokenized assets.
South Korea’s crypto market includes approximately 25 million investors, according to figures cited in the report. Market participants noted that much of the activity remains focused on spot trading.As institutions and digital asset companies continue evaluating blockchain networks, trading data from South Korea remains closely watched. XRP trading performance on Upbit has kept the asset among the most visible cryptocurrencies in one of the world’s largest digital asset markets.
