Upbit weekly trading volume falls 15.5% to 8.35 trillion won as XRP leads activity

South Korea’s biggest crypto exchange just had a quieter week. Upbit reported weekly trading volume of 8.35 trillion won for the week ending October 18, 2026, a 15.5% decrease from the prior week. That works out to approximately $6.28 billion. The more interesting detail sits inside the total. XRP was the most traded asset on the platform during the week, finishing ahead of both Bitcoin and USDT. Inside the numbers In mid-October 2026, Upbit’s 24-hour trading volumes swung between $340 million and over $1.2 billion on active days. The ranking of assets adds texture. XRP topped the volume table, with Bitcoin in second and the stablecoin USDT in third. USDT’s presence in the top three is also worth a brief note. Stablecoins are tokens designed to track the US dollar, so heavy USDT trading can reflect traders moving between risk assets and something closer to cash. A wider slowdown across Korean exchanges Upbit was not alone in feeling the slowdown. Volume across major South Korean platforms fell by 19.56% in a preceding week, pointing to a broader pullback rather than a problem specific to one venue. Measured against that figure, Upbit’s 15.5% decline looks somewhat milder. Upbit has...