Crypto Live News : XRP Trading Volume Surge in Korea, Kraken Compliance, $1.6B Binance Withdrawals and more.
Hey there, welcome to Coinpedia Daily News! We’ve got some interesting stories to cover today, so let’s dive right in. XRP Trading Takes Off in South Korea: Here’s What’s Causing the Surge Despit e XRP’s legal battles with the SEC, it seems to be gaining popularity in South Korea. UpBit, Bithumb, and Korbit, three of Korea’s major exchanges by volume, have seen billions of dollars in XRP trading volume, with UpBit leading the way at nearly $790 million worth of tokens traded. Some of this volume may be the result of wash trading, a deceptive tactic, but rumors that XRP may be categorized as a commodity by the CFTC and the hope that Ripple will win its lawsuit against the SEC have contributed to a bullish outlook for XRP in the markets.