Upbit Weekly Trading Volume Slips, But One Coin Still Rules Korea

Upbit Weekly Trading Volume Drops 15.5%, But XRP Still Leads at $1.31

As of October 19, 2026, the Upbit weekly trading volume fell to 8.35 trillion won, about $6.28 billion, for the week ending October 18. 

That is a 15.5% weekly decline. $XRP stayed first, ahead of $BTC and USDT, in this crypto news today from South Korea.

The Block also covered this news in its tweet on X, repeating the same weekly figures.

Upbit Weekly Trading Volume Today: What Do the Numbers Show?

Upbit volume 8.35 trillion won in USD terms comes to roughly $6.28 billion. The prior-week figure is calculated from the stated drop, not an official release.

Why Is Upbit Trading Volume Down This Week?

Reports that Upbit trading volume drops 15.5% carried no stated cause. Upbit news today centers on turnover, so any link to price moves would be guesswork.

CoinGecko’s fear and greed index sat in the Fear zone on October 19. That is a reading of crypto market sentiment, and no source tied it to this Upbit volume drop.

Is XRP the Most Traded Coin on Upbit?

Yes. XRP was the most traded coin on Upbit for the week ending October 18, 2026, ahead of Bitcoin (BTC) and Tether (USDT). 

The platform’s total weekly turnover fell 15.5%, but $XRP kept the top position among all assets traded there.

That makes XRP most traded on Upbit even during a slower week.

• Most traded crypto on Upbit this week: $XRP

• Second place: BTC

• Third place: USDT

Upbit top traded coins this week followed that order, and Upbit XRP trading volume this week led the table. XRP, BTC, USDT trading volume stayed the center of exchange trading activity. 

Upbit USDT trading placed third, while CoinGecko lists XRP/KRW among Korean won (KRW) trading pairs.

Upbit vs Global Exchange Volume: How Do the Numbers Compare?

A direct comparison is difficult. CoinGecko reports Upbit exchange volume at $552.98 million over 24 hours, down 7.12%, across 347 coins and 492 pairs. Its market-wide 24-hour turnover stood at $46.648 billion.

Methods differ, so these figures should not be matched against the Upbit 8.35 trillion won volume print.

Expert View: What Could the Decline Mean?

Analysts tracking the South Korea crypto market may read the drop as lower activity from Korean retail traders, though no data confirms that. 

Thinner exchange trading activity could also make prices more sensitive to large orders.

Only one venue has published so far, so South Korea crypto exchange volume and Korean crypto exchange volume at rival platforms remain unverified. 

The next Korean crypto exchange weekly volume report will show whether Upbit weekly trading volume steadies or slips again.

Anyone following South Korea crypto trading volume this week should treat weekly crypto trading volume as one input, not a price signal. More crypto news will follow if the Upbit weekly trading volume changes sharply.

Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets are volatile, and you can lose money. Verify details with official sources before making any decision.