Upbit weekly trading volume falls 15.5% to 8.35 trillion won as XRP leads
In brief
- Upbit weekly volume fell 15.5% to 8.35 trillion won for the week ending October 18.
- The roughly $6.28 billion figure is an approximate conversion, not one Upbit reported.
- XRP was the most traded asset, followed by Bitcoin and the stablecoin USDT.
- Thinner volume can leave prices more sensitive to large orders, Crypto Briefing said.
XRP leads a quieter week
The won total works out to approximately $6.28 billion. That's a rough dollar conversion, not a number Upbit itself reported.
By volume, XRP ranked first on Upbit, with Bitcoin in second and USDT in third, based on the exchange's data as reported by Crypto Briefing. USDT is a stablecoin (a token designed to track the US dollar).
XRP, not Bitcoin, topped the list.
Day-to-day activity has been choppy too. Crypto Briefing reported that Upbit's 24-hour trading volumes in mid-October ranged between $340 million and over $1.2 billion on active days, though the outlet didn't cite a source for that range.
A wider slowdown across Korean exchanges
The dip doesn't look isolated, at least going by the outlet's numbers. Crypto Briefing said volume across major South Korean platforms fell by 19.56% in a preceding week. It didn't say which week, and it didn't name a source for the figure either.
The outlet argued that broader decline points to a sector-wide problem with attracting volume, and said rivals like Bithumb face the same headwinds. Upbit has consistently held its spot as the leading exchange in the country, regularly outpacing Bithumb, according to Crypto Briefing.
What lower volume can mean for prices
Crypto Briefing's analysis focused on liquidity. In its view, lower volume generally means thinner order books, and thin books can make prices more sensitive to large buy or sell orders.
The outlet also noted that Upbit's volumes have often reacted to swings in domestic stock markets. Was equity-market movement behind this particular week's decline? Crypto Briefing didn't say, and it didn't tie the 15.5% drop to any single cause.
For now, what the data does show is straightforward: less won changed hands on Upbit last week, and XRP took the biggest share of the trading that did happen.
Frequently asked questions
How much did Upbit's trading volume fall last week?
Upbit reported weekly trading volume of 8.35 trillion won for the week ending October 18, 2026, a 15.5% decrease from the prior week, according to Crypto Briefing. That's roughly $6.28 billion, an approximate conversion rather than a figure Upbit reported.
Which crypto was the most traded on Upbit during the week?
XRP was the most traded asset on Upbit for the week ending October 18, 2026, according to Crypto Briefing. Bitcoin ranked second and the stablecoin USDT ranked third by volume.
