Upbit weekly volume falls 20.8% to 6.7 trillion won as XRP leads trading

South Korea's largest crypto exchange saw activity cool again, with XRP outpacing Bitcoin and USDT for the top spot Trading on Upbit, South Korea’s largest crypto exchange, slowed down again. Weekly volume fell 20.8% to 6.7 trillion won, or approximately $4.9 billion, for the week ending November 8, 2026. The more interesting detail is what traders were still buying. XRP topped the platform’s trading activity, beating both Bitcoin and the USDT stablecoin. On Upbit, that is starting to look less like a surprise and more like a habit. A second double-digit drop in a matter of weeks This was not a one-off slump. The week ending October 18, 2026, also saw a weekly drop, when Upbit’s volume fell 15.5% to 8.35 trillion won, or about $6.28 billion. Put those two data points together and the trend is easy to spot. Between mid-October and early November, weekly turnover went from 8.35 trillion won to 6.7 trillion won. Day-to-day activity has been uneven as well. Daily volume on the exchange swung between approximately $340 million and more than $1.2 billion during the period. The research describes the recent run as a series of repeated fluctuations rather than a straight decline. It ties t...