XRP Tops Upbit Spot Volume in Korea as Upbit and Bithumb Delist Zilliqa
XRP led Upbit's won-pair spot volume over bitcoin and ether on Oct. 15 and 16, and separately Upbit and Bithumb said they will end support for Zilliqa's ZIL token.
Why it matters
Bitcoin.com News tied heavier trading on Upbit to South Korea's FIU blocking 27 offshore exchanges that week, which is one outlet's account of where Korean flow went and remains unconfirmed by the others. The ZIL cutoffs clear the token from both major Korean venues, with Upbit's taking effect Nov. 16, 2026.
Key facts
XRP/KRW was Upbit's largest 24-hour spot pair on Oct. 15 at $145.57 million, or 11.74% of the exchange's volume.
145,570,000 USDReported by Bitcoin.com News
BTC/KRW traded $126.5 million, or 10.20% of Upbit's volume, on Oct. 15.
126,500,000 USDReported by Bitcoin.com News
ETH/KRW traded $92.09 million, or 7.43% of Upbit's volume, on Oct. 15, which U.Today rounded to $92.1 million.
92,090,000 USDReported by Bitcoin.com News
At a 04:36 UTC snapshot on Oct. 16, Upbit showed XRP at $108.3 million in 24-hour volume against $95.3 million for bitcoin and $62.7 million for ether.
108,300,000 USDReported by Bitcoin.com News
Upbit's XRP traded near $1.34 against roughly $1.336 on Binance, a gap of about 0.3%, and Bitcoin.com News said XRP's price drifted lower after the volume snapshot.
Reported by Bitcoin.com News
South Korea's FIU blocked 27 offshore exchanges during the week, which Bitcoin.com News linked to traders moving toward Upbit.
27Reported by Bitcoin.com News
Upbit said it will end Zilliqa token ZIL trading support on Nov. 16, 2026 at 09:00 because the issues behind its earlier delisting watchlist listing have not been resolved.
Reported by Crypto News (CryptoNews.net)
Bithumb said it will also delist ZIL, without giving a date.
Reported by Crypto News (CryptoNews.net)
What happened
XRP led Upbit's spot market by 24-hour volume in won trading pairs across two consecutive days. Bitcoin.com News put XRP/KRW at $145.57 million, or 11.74% of the exchange's volume, on Oct. 15, ahead of BTC/KRW at $126.5 million and ETH/KRW at $92.09 million, and re-checked the ranking at 04:36 UTC on Oct. 16 with XRP at $108.3 million against $95.3 million for bitcoin and $62.7 million for ether. U.Today reported the same Oct. 15 figures, citing $92.1 million for ether, and said volumes cooled across all three coins on Oct. 16 while XRP kept its lead, without publishing the second-day amounts. Bitcoin.com News found no kimchi premium, with Upbit's XRP near $1.34 against roughly $1.336 on Binance, a gap of about 0.3%. Separately, Crypto News reported that Upbit and Bithumb will end support for Zilliqa's ZIL token, with Upbit setting a Nov. 16, 2026 09:00 cutoff and giving no date for Bithumb, and Upbit saying the issues behind its earlier delisting watchlist listing remain unresolved. U.Today, citing market analysts it did not name, said Korean demand could affect XRP's broader market value and drive a further rally.
How the story developed
- Update
Second Upbit snapshot keeps XRP in first place
Bitcoin.com News re-checked Upbit market data at 04:36 UTC and found XRP still leading on 24-hour volume.
- First report
First report by Bitcoin.com News
XRP Is Outtrading Bitcoin and Ether on South Korea’s Biggest Exchange
- Update
Upbit won-pair volume ranking puts XRP first
Bitcoin.com News published 24-hour spot volume figures for Upbit's top three won pairs, putting XRP ahead of bitcoin and ether on Oct. 15.
- Official statement
Upbit and Bithumb announce Zilliqa delisting
Upbit said ZIL trading support ends Nov. 16, 2026 at 09:00; Bithumb said it will delist ZIL, with no date given.
- Update
U.Today repeats the Oct. 15 volume figures
U.Today reported the same Oct. 15 won-pair volumes from onchain data and said the lead held on Oct. 16 without listing the second-day amounts.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 16 Oct 2026, 09:30 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
- 16 Oct 2026, 11:49 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 16 Oct 2026, 15:54 UTC: U.Today — 3 independent sources, 3 reports
Affected entities
Also mentioned: United States, Ripple, Binance, Nasdaq, KuCoin
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | XRP Is Outtrading Bitcoin and Ether on South Korea’s Biggest Exchange | Original | |
| U.Today Crypto media | XRP Trading Volume Surpasses Bitcoin and Ethereum in South Korea | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | South Korean Bitcoin Exchanges Upbit and Bithumb Announce They Will Delisting This Altcoin! Here Are the Details | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | These 15 Altcoins Are Seeing a Surge in Trading Volume in South Korea—XRP Tops the List | Syndicated |
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