Bitcoin rally sends Upbit trading volume up 273% to $1.84 billion

Trading activity on South Korea’s two largest crypto exchanges has jumped sharply, with Upbit volume rising 273% to about $1.84 billion as Bitcoin’s latest rally pulls local traders back toward digital assets. Summary Upbit’s 24 hour trading volume surged 273% to about $1.84 billion, its highest level since mid March. XRP led trading on both Upbit and Bithumb as activity increased across South Korea’s two largest crypto exchanges. Bithumb’s daily volume climbed 132.9% to about $934.9 million during the crypto market rebound. Presto Research said Korean investors could send more capital into crypto if the current rally holds. According to CoinGecko data on Aug. 21, Upbit recorded its highest daily trading volume since mid-March, while XRP accounted for $418.9 million of transactions and ranked ahead of Bitcoin, USDT and Ether on the exchange. Bithumb recorded a similar increase, with 24-hour volume climbing 132.9% to about $934.9 million. XRP also ranked as the most-traded cryptocurrency on South Korea’s second-largest exchange. The pickup follows months of weaker activity across South Korea’s crypto market, where investors spent much of 2026 favoring domestic equities as the KOSPI ...