Upbit has overtaken Binance and Coinbase in spot trading volume following a sharp spike in XRP activity driven by South Korean traders, according to data shared by market observers on X. The update, posted by Xaif_Crypto, highlights a sudden shift in exchange rankings amid renewed demand for XRP.
Upbit just flipped the script on XRP volume. now leads spot volume with $529.06M
If Asia is bidding this hard while supply stays tight, the momentum shift is real.
Are we back? š https://t.co/nMGAeTA0YR pic.twitter.com/u7Dla3eGkg
— Xaif Cryptoš®š³|šŗšø (@Xaif_Crypto) February 15, 2026
The surge in XRP spot volume on South Korean markets appears to have propelled Upbit ahead of its global competitors in daily trading metrics. The move underscores the influence of regional retail flows, particularly from South Korea, on broader crypto market structure. While Binance and Coinbase remain dominant global venues, the data suggests that concentrated buying pressure around XRP temporarily reshaped the competitive landscape. Traders exposed to XRP pairs on Upbit were directly affected by the spike in liquidity and turnover.
For now, it remains unclear whether the volume shift reflects sustained demand or a short-term burst of speculative interest. Market participants will be watching whether XRP activity in South Korea stabilizes or continues to outpace global averages in the coming sessions, potentially influencing exchange rankings again.
Source: Xaif_Crypto on X.
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