Upbit, South Korea’s largest cryptocurrency exchange, saw its 24-hour trading volume surge 273% to roughly $1.84 billion — its largest daily figure since mid-March — as South Korean investors began returning to digital assets, according to CoinGecko data.

XRP leads the rebound

XRP was the most-traded cryptocurrency on Upbit over the past 24 hours, with $418.9 million worth of trades, followed by bitcoin, USDT and ether. Bithumb, the country’s second-largest exchange, also posted a 132.9% rise in volume to $934.9 million, with XRP again the most-traded token.

From stocks back to crypto

The rebound follows a prolonged bear market that began in early 2026 and pushed South Korean capital toward the KOSPI stock index, which climbed…