Upbit 24-hour trading volume falls 9%, USDT/KRW leads KRW market

CoinGecko data showed the USDT/KRW pair accounted for 11.03% of turnover on the exchange, ahead of BTC, XRP, HYPER and MANTRA in the won-denominated market.

Summary

Upbit's trading volume over the past 24 hours fell 9% from the previous period, according to CoinGecko data. Within the exchange's KRW market, the USDT/KRW pair ranked first with an 11.03% share of trading volume. The next four most active markets were 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 handful of leading pairs.

Terms & Concepts
  • USDT/KRW: Tether traded against the South Korean won.
  • trading volume: Total value of assets traded over a set period.
  • turnover: Another term for trading volume in a market.