Upbit trading volume drops 28.3% in a day to $1.47B
- —Upbit's 24-hour volume was about $1.47 billion, down 28.3% day over day
- —AXIS/KRW accounted for 12.1% of turnover, roughly $178 million
- —SOPH/KRW followed at 6.73%, BABY/KRW at 5.43% and IRYS/KRW at 4.94%
- —The top five pairs made up about 33% of the exchange's volume
Why it matters: The sharp volume decline and altcoin-heavy mix point to weak BTC demand on the Korean market.
Source: TokenPost