Upbit recorded 8.35 trillion gained ($6.28 billion) in buying and selling quantity for the week ending October 18, 2026, a 15.5% decline from the prior week. XRP however ranked first on South Korea’s largest alternate regardless of the information, forward of Bitcoin and USDT. The distinction is evident: total exercise cooled, however buying and selling consideration remained concentrated in XRP.
There was a 19.56% fall in buying and selling quantity throughout main South Korean platforms within the previous week, a separate interval that factors to cooling; towards that comparability, Upbit’s 15.5% contraction was milder. Throughout mid-October, its 24-hour buying and selling volumes ranged from about $340 million to greater than $1.2 billion on energetic days.
XRP Takes The Lead as Upbit Buying and selling Cools
South Korea’s largest crypto alternate, Upbit (@Official_Upbit), recorded 8.35 trillion gained ($6.28 billion) in weekly buying and selling quantity by way of October 18.
That is 15.5% decrease in comparison with the previous week.
Price noting, main exchanges… pic.twitter.com/iKQhddhgpR— BSCN (@BSCNews) October 19, 2026
Upbit has constantly held the main place in South Korea and often outpaced rival Bithumb. Upbit volumes have typically reacted to strikes in home inventory markets, suggesting Korean merchants might deal with equities and crypto as competing or neighboring threat exposures.
On the similar time, South Korea has been blocking 27 offshore exchanges, which belongs to the broader regulatory backdrop.
For now, decrease turnover can depart order books thinner, growing the potential worth impression of enormous market orders. That may be a liquidity consideration.
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Good Information for XRP? What the Order E-book Says?
Xrp (XRP)24h7d30d1yAll time
XRP completed forward of Bitcoin and USDT, with Bitcoin second and USDT third. That ordering exhibits the place reported buying and selling exercise was focused on Upbit. USDT’s third-place end provides a special form of sign: it exhibits the stablecoin was among the many alternate’s most-traded property.
The important thing figures are greatest learn collectively, with out treating turnover as a directional worth indicator:
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The subsequent weekly print will present whether or not Upbit turnover stabilizes close to 8.35 trillion gained or continues to contract. XRP’s place on the high of the amount desk is the opposite helpful checkpoint: retaining it by way of a quieter market would verify continued relative focus.
The previous 19.56% sector-wide decline additionally frames the aggressive query. Bithumb and different home venues face the problem of attracting exercise in a softer market, not merely taking share from Upbit.
Till recent figures make clear each mixture turnover and asset rankings, the present information help a narrower conclusion: buying and selling cooled, whereas XRP remained Upbit’s most-traded asset.
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