South Korea’s largest exchange hit record trading activity as retail and institutional investors drove a surge in crypto demand.
South Korea’s Upbit recorded $830 million in trading volume within a single hour amid a broader crypto market rally. The surge followed a sharp rebound in trading sentiment among retail and institutional investors after a volatile flash crash at 05:00 UTC.
Over the past 24 hours, Upbit’s volume reached $3.818 billion, while Bithumb and Coinone posted $1.954 billion and $172 million, respectively. The spike reflects heightened activity across major South Korean exchanges during the market’s recovery phase.
The rally coincided with a period of high volatility, as major cryptocurrencies experienced rapid price swings before stabilizing.