XRP Dominates Domestic Crypto Trading While Global Interest Lags

Domestic cryptocurrency trading shows a strong concentration on XRP, which accounted for 39.23% of total trading volume with a value of 73.71 billion won as of 5 p.m. on September 17. ONDO and WLD also showed significantly higher domestic interest compared to global markets, with domestic shares 21.9 times and 14.1 times their global counterparts respectively.

XRP led the domestic interest index at 96.9 points, followed by XLM at 92.9 and SHIB at 79.9. The trading volume for XRP reached 73.71 billion won, while XLM and SHIB recorded 5.51 billion won and 1.04 billion won respectively in the past 24 hours.

Among the 53 cross-listed cryptocurrencies traded both domestically and globally, 52% of trading activity was concentrated among the top 10 coins. ONDO showed the highest domestic-to-global ratio at 21.9 times, followed by WLD (14.1x), XLM (11.9x), and XRP (11.2x). Conversely, USD1 saw significantly higher global trading volume compared to domestic activity.

As of September 15, domestic exchanges accounted for 16.20% of total trading volume across five Korean exchanges and Binance, down slightly from 16.30% 30 days prior. XRP's price fell 9.3% over the period while its trading volume increased significantly compared to usual levels.

The Kimchi Premium was highest for USDG at 0.49%, followed by CC (0.37%) and ADA (0.35%). HBAR showed a negative premium of -0.61%, indicating lower domestic prices than global markets, along with POL (-0.59%) and LIT (-0.40%).