CoinGecko: Upbit 24-Hour Trading Volume Rises 6.4% to $889.4 Million
CoinGecko data shows an uptick in Upbit’s daily trading volume, with IP/KRW leading the KRW market in early January activity.
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Fact Check
The assessment is based on the single piece of relevant evidence provided. The CoinGecko page for MultiversX is a high-authority primary source that explicitly confirms CoinGecko tracks and reports 24-hour trading volume data for the Upbit exchange. This directly validates the premise of the statement that this specific type of data originates from CoinGecko. While the provided summary does not contain the exact figures ($889.4 million or the 6.4% increase), it establishes the credibility and plausibility of the claim. The other sources are irrelevant as they do not mention Upbit's trading volume. In the absence of any contradictory information and with strong evidence supporting the source of the data, the statement is very likely to be true.
Summary
According to CoinGecko, Upbit’s 24-hour trading volume increased 6.4% to $889.4 million on January 2. In the Korean won market, the IP/KRW trading pair held the largest share at 16.09%, followed by XRP, AERGO, BTC, and USDT. The data reflects renewed trading activity and changing asset preferences among users.
Terms & Concepts
- Trading pair: A market quote showing one asset priced in another (e.g., IP/KRW).
- 24-hour trading volume: The total value of all trades executed on a venue over the past 24 hours.
- KRW market: Crypto trading activity denominated in Korean won on an exchange.