Upbit Challenges Binance for XRP Market Share as Trading Volume Jumps

The source says XRP fell 2.83% during a market correction while trading activity on exchanges accelerated, with Upbit’s XRP volume surging 289% in one hour.

XRP

Summary

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Terms & Concepts
  • XRP: A cryptocurrency associated with the XRP Ledger, a blockchain-based payment network focused on fast cross-border transfers.
  • Trading volume: The amount of an asset bought and sold over a set period, often used to gauge market activity and liquidity.
  • Market share: In exchange trading, the proportion of total trading activity handled by one platform compared with rivals.