According to reports, XRP has become the dominant trading asset in South Korea, surpassing Bitcoin and Ethereum due to the country's spot-only exchange laws. Data from South Korean exchanges indicates that traders prioritize XRP for its liquidity and speed, especially when the market is active. Dunamu's Upbit exchange listed XRP as its most-traded asset, outranking the top two cryptocurrencies by market capitalization. This trend is also seen on Bithumb, where the XRP/KRW pair ranks second in volume share, following the USDT stablecoin pair. Altcoins account for a significant portion of trading volume on domestic centralized exchanges in South Korea, exceeding the global average.

According to reports, XRP has become the dominant trading asset in South Korea, surpassing Bitcoin and Ethereum due to the country's spot-only exchange laws. Data from South Korean exchanges indicates that traders prioritize XRP for its liquidity and speed, especially when the market is active. Dunamu's Upbit exchange listed XRP as its most-traded asset, outranking the top two cryptocurrencies by market capitalization. This trend is also seen on Bithumb, where the XRP/KRW pair ranks second in volume share, following the USDT stablecoin pair. Altcoins account for a significant portion of trading volume on domestic centralized exchanges in South Korea, exceeding the global average.