Unprecedented XRP Dominance in Upbit Reserves

Unprecedented-XRP-Dominance-in-Upbit-Reserves

It is rare among major exchanges to see anything other than Bitcoin at the top of their reserve holdings. Bitcoin is almost always the core asset in exchange reserves.

However, Upbit shows a very different picture.
In December 2024, the exchange suddenly increased its XRP reserves dramatically — and has maintained these elevated levels ever since.

🔹 Today, the USD value of Upbit’s XRP reserves is almost equal to its Bitcoin reserves.
🔹 This makes Upbit an outlier compared to other top exchanges.
🔹 Tracking Upbit’s reserve movements could be critical for understanding XRP’s future demand.

Given Upbit’s dominant role in Asian crypto markets and its significant liquidity flows, the exchange’s XRP holdings should be closely monitored as a key signal for the asset’s trajectory going forward.