# Upbit Related Articles

XRP ranks second to Bitcoin in institutional interest, but why is it lagging?

XRP ranks as the second-most inquired crypto asset among institutional investors, trailing only Bitcoin, according to Grayscale. Recent ETF flow data supports this, showing significant net inflows into XRP, including $33.4 million in one week and $63 million in another, while Bitcoin experienced outflows. Despite strong institutional demand, XRP's price has struggled to stay above $2 due to substantial selling pressure. An analyst reports that over $5 billion in XRP has been sold on South Korea's Upbit exchange in recent months, with a single entity responsible for significant dumps, including 57 million XRP on February 15th, causing a 10% price drop. Additionally, historical trends suggest that when XRP outperforms Bitcoin, a correction often follows, indicating potential further decline unless Bitcoin rallies decisively above $70K.

ambcrypto2 days ago 17:02

$1T XRP trades on Upbit – Are Korean traders ignoring Bitcoin, Ethereum?

XRP has recorded nearly $1 billion in 24-hour trading volume on South Korean exchanges Upbit and Bithumb, significantly surpassing both Bitcoin and Ethereum in local markets. This dominance is driven by strong retail participation, with altcoins comprising 80% of trading volume on major platforms. Upbit alone accounts for approximately 70% of domestic market share, and XRP/KRW pairs often represent 30–35% of daily turnover. South Korea has become a major retail liquidity hub, with KRW trading volume reaching $1.1 trillion in 2024, rivaling USD as a leading fiat gateway for crypto. Retail-driven speculative activity, characterized by small average order sizes under $1,000, fuels XRP’s outperformance. Despite its spot market strength, XRP’s derivatives engagement remains limited due to local leverage restrictions, with open interest and funding rates staying neutral compared to Bitcoin and Ethereum. Premium pricing of 2–10% above global levels further highlights intense local demand. Ultimately, XRP serves as a key indicator of retail sentiment in Korea’s crypto market.

ambcrypto02/16 17:02

Upbit Lists Bittensor (TAO) with KRW, BTC, and USDT Trading Pairs

South Korea's largest cryptocurrency exchange, Upbit, listed Bittensor (TAO) on February 16, 2026, offering trading pairs with KRW, BTC, and USDT. This allows South Korean traders direct access to the token of the decentralized AI network. Initial trading restrictions were in place, including limited buy orders and a 10% floor on sell orders. Following the announcement, TAO's price saw a strong upward movement, reaching $189.23, driven by local demand and increased liquidity. The listing aligns with the growing narrative of integrating AI with blockchain rewards, and community sentiment remains positive. Despite recent market volatility, retail adoption in South Korea continues to be strong.

TheNewsCrypto02/16 12:31

XRP Slides to $1.4 After 50M Sell-Off on Upbit

XRP's price dropped to approximately $1.4 following a significant sell-off on the South Korean exchange Upbit. A total of 50 million XRP was sold within a 15-hour period, with analysis indicating that less than 0.07% of the activity was wash trading, suggesting the selling pressure was largely genuine. The heavy selling, which occurred between 8:00 AM and 12:00 PM KST, contributed to a broader crypto market downturn and pushed XRP to a two-day low. Despite this, the token had shown signs of recovery earlier, briefly reaching $1.6 amid market optimism, even as it faced volatility and external factors such as the US government shutdown.

TheNewsCrypto02/16 10:58

South Korean Authorities Question Crypto Exchange Executives Over Lawmaker’s ‘Favoritism’ Controversy

South Korean police have summoned executives from major crypto exchanges, including Upbit's parent company Dunamu and Bithumb, as part of an investigation into allegations of favoritism by independent lawmaker Kim Byung-kee. He is accused of seeking employment for his son at these firms and then using his political position to attack Dunamu, Upbit's operator, after his son was hired at Bithumb. The investigation coincides with the Financial Services Commission's controversial proposal to impose a 15%-20% ownership cap on crypto exchange major shareholders, a move opposed by the industry and the ruling party for potentially hindering growth and conflicting with global standards.

bitcoinist02/05 14:09

Moonbirds jumps 94% in 2 days – Can BIRB replicate PENGU’s $1B run?

Moonbirds NFT has revived its collection by launching the BIRB memecoin, which surged 94% in two days after listings on major exchanges like Upbit, pushing its market cap above $200 million. The project aims to replicate the success of Pudgy Penguins’ PENGU, which reached a $1 billion market cap. On-chain data shows significant smart money accumulation, with over $191K acquired in 24 hours. Despite a pullback from its peak, technical indicators suggest bullish momentum may be building. However, replicating PENGU’s success remains challenging amid weak broader market conditions.

ambcrypto02/05 04:02

South Korea Plans Cap On Crypto Exchange Ownership Despite Industry Concerns

South Korea's Financial Services Commission (FSC) is proceeding with a proposal to cap major shareholders' stakes in cryptocurrency exchanges at 15%-20%, despite opposition from industry players and the ruling Democratic Party of Korea (DPK). FSC Chairman Lee Eog-weon argued the measure is necessary to align governance standards with exchanges' expanding public role and to prevent conflicts of interest. The cap would be part of the upcoming Digital Asset Basic Act, which would also transition exchanges from a renewable notification system to a permanent authorization system. Major exchanges like Upbit and Coinone oppose the move, warning it could hinder industry growth. Meanwhile, lawmakers aim to introduce the comprehensive digital asset framework before the Lunar New Year. The legislation also addresses stablecoin regulation, setting a minimum capital requirement of 5 billion won ($3.48 million) for issuers, though no agreement has been reached on won-pegged stablecoins.

bitcoinist01/29 11:02

XRP Beats Bitcoin, Ethereum, And Dogecoin In This Metric

bitcoinist01/17 23:02

South Korea’s Supreme Court Just Put Over $33B in Crypto at Risk? — What Upbit and Bithumb Users Need To Know

South Korea's Supreme Court has ruled that Bitcoin and other cryptocurrencies held on domestic exchanges are seizable property in criminal investigations, placing them on the same legal footing as cash or securities. The landmark decision, issued on January 8, arose from a money laundering case where prosecutors confiscated 55.6 BTC from a suspect's exchange account. The court rejected arguments that Bitcoin's intangible nature exempted it from seizure, defining it as an "electronic asset with economic value." This ruling strengthens law enforcement's ability to freeze and seize digital assets on platforms like Upbit and Bithumb during investigations into financial crimes, money laundering, or tax evasion. While this clarifies regulatory oversight and aligns South Korea with jurisdictions like the U.S. and U.K., it also raises concerns for users holding over $33 billion in crypto on these exchanges. The decision may encourage a shift toward self-custody among users seeking to avoid potential enforcement actions, though seizures remain limited to cases with proper legal grounds.

ccn.com01/09 09:26

Upbit Enables $CRO Staking, Expanding Cronos Access for Korean Users

Upbit has enabled $CRO staking on its platform, allowing Korean users to earn staking rewards directly through the exchange. This integration simplifies the staking process by eliminating the need for users to manage validators, wallets, or technical infrastructure. The move is part of Upbit’s selective approach to staking services and reflects growing demand among Korean users to engage more deeply with the Cronos ecosystem beyond trading. Cronos Labs CEO Ryan Wyatt emphasized that this partnership expands access to Cronos in a key crypto market while reducing onchain complexity for millions of users. $CRO staking on Upbit is scheduled to begin on January 6, 2026, subject to eligibility requirements. Cronos, powered by $CRO, is a major blockchain ecosystem closely linked to Crypto.com.

TheNewsCrypto01/06 21:23