XRP Sustains Demand on Korean Crypto Exchanges: Details

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XRP Sustains Demand on Korean Crypto Exchanges: Details
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XRP was up 1.40% in last 24 hours to $0.521

Meanwhile, XRP is not showing any massive price rise, which would have been a trigger for its emergence as the most traded asset on these platforms. At the time of writing, XRP was up 1.40% in the last 24 hours to $0.521, mirroring the slightIt thus goes on to say that XRP trading has become the norm for South Korean traders. South Korea has an extensive track record of trading cryptocurrencies other than the top two by market capitalization, BTC and ETH.

According to Kaiko, these digital assets often account for over 70% of the total South Korean trading volume, with XRP being the most popular altcoin in this region.As reported, a recent survey in South Korea revealed the altcoin's popularity among Gen Z investors. Data showed that investors in the 20-year-old age group in South Korea only accounted for 17.5% of their total investment in Bitcoin and Ethereum, and their favorite altcoin was XRP, accounting for 20.7%.

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