Summary
- Upbit weekly volume fell 20.8% to 6.7 trillion won for the week ending November 8 2026
- XRP captured 17% of Upbit trading volume with no kimchi premium observed
- EDX Markets advanced institutional Bitcoin access through CBTC on the Canton Network
Upbit saw its weekly trading volume drop 20.8 percent to 6.7 trillion won. That equals roughly 4.9 billion dollars for the week ending November 8 2026. XRP still led activity on the South Korean exchange.
Retail flows in Korea keep favoring XRP.
The decline hits while broader crypto exchange volumes contract. South Korean traders stick with XRP as their top pick. Data from the days right after showed quick spikes in XRP trading on Upbit.
Context
South Korean retail traders have long shaped short-term XRP momentum. Upbit serves as their main venue. The latest volume reading highlights a slowdown in overall activity even while one asset maintains dominance.
Institutional moves unfold on their own track.
EDX Markets partnered with BitSafe to launch CBTC trading. This expands Bitcoin access for institutions on the Canton Network.
Details
XRP accounted for 17% of Upbit total trading volume. No kimchi premium appeared in the Korean market during this stretch.
"XRP accounted for 17% of Upbit total trading volume with no kimchi premium."
, CryptoTicker
XRP whales moved 691 million tokens to Binance in a single 24-hour window. Those tokens equal roughly 900 million dollars. The move marks the largest such inflow since 2024.
These on-chain flows lined up with price action near 1.08 dollars. They also matched heightened options volatility signals on other platforms. Broader market volumes may limit XRP upside despite its dominance on Upbit.
Outlook
Traders will watch whether Korean retail flows sustain XRP leadership or shift as exchange volumes remain subdued. Institutional Bitcoin infrastructure growth via EDX continues on the Canton Network.