Upbit’s 24-hour trading volume reached a yearly high of nearly $15 billion on March 5 before dropping to as low as $2.6 billion on March 31.
The 24-hour trading volume at Upbit, one of South Korea’s biggest crypto exchanges, fell to $3.8 billion at the start of April after reaching a high earlier in March.
On March 5, Upbit recorded a daily trading volume of almost $15 billion. This was the exchange’s highest trading volume this year.
The crypto exchange’s surge in daily trading volume may be attributed to Bitcoin (BTC) reaching a new all-time high of $69,200 on the same day.
