2026-01-05 11:44:16

According to the latest research data from Kaiko, in the South Korean cryptocurrency trading market, Upbit has become the most core trading platform within the ecosystem due to its optimal liquidity. Specifically, in the BTC-KRW trading pair, placing an order of 10 million KRW results in the best slippage performance, which is enough to demonstrate its advantages in order depth and market activity.

After entering 2025, the trading landscape on Upbit has also changed. BTC-KRW and XRP-KRW have become the two most frequently traded pairs, reflecting Bitcoin's status as a mainstream asset and XRP's continued popularity in the Korean market. Following closely are DOGE-KRW and ETH-KRW, indicating growth in Dogecoin traffic and stable demand for Ethereum as the second-largest public chain.

From these data, it can be seen that Korean traders still have a clear preference for mainstream coins, and Upbit, as the platform with the best liquidity, continues to dominate the local trading ecosystem.

BTC-2,35%

XRP-7,46%

DOGE-6,05%

ETH-3,5%

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ZKSherlock

· 2h ago

actually... slippage metrics alone don't tell you much about *real* market microstructure. like, has anyone looked into the order book depth distribution? the computational overhead of maintaining that liquidity is probably non-trivial, ngl.

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