Bitcoin Cash Trading Volume on Upbit Skyrockets as BCH Soars 120% Weekly

Published on Jul 01, 23

The leading South Korean cryptocurrency exchange – Upbit – has recorded a trading volume of more than $350 million for the Bitcoin Cash (BCH)/Korean Won (KRW) pair for the past 24 hours. In comparison, trades involving Bitcoin (BTC) have been three times less. BCH has been among the best performers in the crypto market lately, with its USD valuation up over 180% for the past two weeks. BCH Grabs the Attention of Koreans As revealed by Wu Blockchain, BCH/KRW trades on South Korea’s biggest cryptocurrency exchange have accounted for approximately 24% of the total trading volume for the past day. According to CoinGecko’s data, the latest figures are even more impressive, with BCH/KRW trading volume for the last 24 hours equaling over $560 million. Trades with Solana (SOL) rank second with 8.4%, whereas Bitcoin (BTC) is third, contributing 7.8% to the total volume.

CoinGecko’s data shows that BCH/KRW trading volume on Upbit for the past 24 hours exceeded $560 million.

Bitcoin Cash has been highly popular on other Korean crypto platforms, too. BCH/KRW trading volume on Bithumb on a daily basis has surged to $39 million. Trades involving BTC are first, with a mere $300,000 lead.