$XRP maintains third place on Korean Upbit with high trading volume xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
are the only two cryptocurrencies that have a larger share of the trading volume on Upbit, with figures of $276.5 million and $201 million, respectively. Meanwhile, on Bithumb, another significant Korean platform, XRP trade accounts for 18.9% of the total volume, equivalent to $55.4 million. Only Bitcoin has a larger share on Bithumb, of 28%.
The rising popularity of XRP in Korea is partly attributed to the support it has gained from Korean financial institutions., a company that utilizes XRP in its products and services, has actively promoted the use of XRP in cross-border payments in Asia, with a particular emphasis on Korea. In November 2020, the Bank of Korea introduced a pilot program to trial a central bank digital currency using Ripple's blockchain technology.
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