Upbit Daily Transaction Amount Exceeded 10 Trillion Won

On the 19th, the daily trading value of the Upbit (www.upbit.com) won market exceeded 10 trillion won. The most traded stock on this day was BORA, which traded over 2 trillion won in the last 24 hours, and the daily increase rate recorded 433%. Paycoin, which increased 25 times in the day before, was traded at 1.4 trillion won on Upbit that day, and plummeted 46.41%.

As the market overheated, the interest in Upbit virtual assets on the 19th also jumped by nearly 50% from the previous day. In particular, as funds were concentrated in altcoins, the Upbit Altcoin Index (UBAI) rose by more than 5% from the previous day, and the Upbit Market Index (UBMI) index, which was aggregated based on the entire market, also rose by 2%.

On this day, the top 10 virtual assets in the Upbit increase rate included a large number of domestic blockchain projects. Bora, MediBloc (MED), Sentinel Protocol (UPP), and Something (SSX) ranked in the top 5 in order, followed by MVL, Metadium, and HUNT. 

On the 19th, the interest in Upbit virtual assets jumped 49.74% from the previous day.

Meanwhile, on the afternoon of the 19th, the bitcoin price is 57.8 million won, which is similar to the previous day, and Ethereum (ETH) is also showing a flat trend at 2.14 million won.

According to the data, Korean cryptocurrency market size is growing rapidly now.