Upbit trading volume falls 9% as USDT/KRW leads KRW market

CoinGecko data cited by BlockBeats showed USDT/KRW held an 11.03% share of Upbit's KRW market turnover, ahead of BTC, XRP, HYPER and MANTRA.

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Summary

Upbit's trading volume over the past 24 hours fell 9% from the previous period, according to CoinGecko data cited by BlockBeats on Aug. 3. In the exchange's KRW market, USDT/KRW ranked first with an 11.03% share of trading volume, followed by BTC, XRP, HYPER and MANTRA. The figures point to softer short-term activity on one of South Korea's main crypto venues while showing that won-denominated trading remained concentrated in a small group of pairs.

Terms & Concepts
  • KRW market: The won-denominated trading market on a crypto exchange.
  • CoinGecko: A cryptocurrency market data provider.
  • Upbit: A major South Korean cryptocurrency exchange.