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XRP Trading Volume in South Korea Surpasses U.S., With Upbit Outpacing Coinbase
XRP's daily trading volume on South Korean exchange Upbit reached $224.22 million, exceeding Coinbase's $173.38 million in the U.S. This surge is attributed to South Korea's ban on leveraged crypto futures trading, which pushes retail investors to seek volatility in the spot market, where XRP's low fees and high speed are attractive. Additionally, stagnation in traditional South Korean markets has led local investors to shift capital into crypto.
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