upbit leads in trading with XRP Reserve, surpassing the vinanence

Upbit, the leading cryptocurrency exchange in Korea, has skyrocketed and holds the largest XRP reserves of all exchanges tracked by Cryptoquant.

This comes days after President Donald Trump revealed plans for a US crypto sanctuary featuring XRP and other tokens. Impressively, Upbit holds twice as much XRP as Binance, the second largest platform, in terms of XRP reserves. This shows how XRP trading is becoming more popular in Korea.

In particular, analyst Kate Young Ju pointed this out in the X-Post.

Not only is Upbit the largest holder of XRP reserves, it also leads XRP trading volume. Data from CoinMarketCap shows that Upbit accounts for 14.37% of the total XRP trading volume, surpassing Binance, which accounts for 12%. However, some believe that the increase in trading volume will be driven by traders who take advantage of Kimchi Premium, a price difference in the Korean crypto market and other areas.

Is that due to Kimchi Premium?

Kimchi’s premium is when the crypto prices in the Korean market are higher than the global market. This is caused by capital management and market inefficiency in South Korea, causing local prices to rise. If these prices are included in the global average without adjustments, you can make the overall value look higher than you actually are.

However, Google Trends data supports this view, indicating that search interest in South Korea’s “XRP” has reached its highest point in the last five years. The growing interest in XRP reflects a major trend in South Korean investors becoming more aggressive with cryptocurrency. In particular, more than 30% of South Korea’s population is currently investing in crypto, and XRP has a strong presence in the region.

XRP included in cryptographic protected areas?

One key factor driving this surge is the inclusion of XRP in the crypto sanctuary proposed by President Trump, along with key assets such as Solana (SOL) and Cardano (ADA). This has resulted in increased speculation in the market, causing XRP prices to skyrocket, leading to investors’ profits.

After the initial price surge, the value of XRP fell. This was sparked by skepticism surrounding Trump’s crypto-preparation plan. Nevertheless, analysts remain optimistic, believing that XRP is currently undervalued.

However, regulatory uncertainty, including the potential of XRP ETFs, still lies in the long-term future of XRP. Some believe the SEC could drop the lawsuit by April. This is a big win for XRP and opens the door to more recruitment and investment.