What is the ranking of Upbit exchange?

Among global cryptocurrency exchanges, Upbit ranks 5th and 6th on CoinMarketCap and CryptoCompare. It has a dominant position in the Korean market and is also influential in Southeast Asia and Japan. Its ranking is based on factors such as transaction volume, number of currency pairs, security, user experience, etc.

Upbit Exchange Global Ranking

Upbit is a cryptocurrency exchange headquartered in South Korea and is the world's leading one of the exchanges. As of now, it tops the following rankings:

CoinMarketCap ranking

• Global ranking: 5th place
• 24-hour transaction volume: approximately 10 billion US dollars

CryptoCompare ranking

• Global ranking: 6th place
• 24-hour trading volume: about 8 billion U.S. dollars

Global influence

Upbit has a very high influence in the Korean market and is the Korean leader The largest cryptocurrency exchange. In addition to this, it is gradually gaining recognition in other parts of the world, especially Southeast Asia and Japan.

Ranked by

Exchanges are generally ranked based on the following factors:

• 24-hour trading volume
• Cryptocurrencies Number of trading pairs
• Platform security
• User experience

Other matters worth noting

• Upbit Backed by Kakao Group, a South Korean internet giant.
• The exchange offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, and various altcoins.
• Upbit is known for its advanced security features and innovative trading tools.

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