Upbit’s trading volume surged 223.8% over the past 24 hours.
According to CoinGecko, trading volume reached $1.67 billion.
The Block has also taken note of this figure.
Within a single day, the volume expanded to this extent—it’s not small.
Upbit is a major player in South Korea’s regulated market, so it’s not surprising that trading heats up there first.
What’s really “getting the meat” this round are regional platforms with licenses and local users.
They typically have high compliance costs, but their ability to onboard users and move funds is also the most reliable.
According to CoinGecko, trading volume reached $1.67 billion.
The Block has also taken note of this figure.
Within a single day, the volume expanded to this extent—it’s not small.
Upbit is a major player in South Korea’s regulated market, so it’s not surprising that trading heats up there first.
What’s really “getting the meat” this round are regional platforms with licenses and local users.
They typically have high compliance costs, but their ability to onboard users and move funds is also the most reliable.