Upbit market summary
Decentralized (DEX). Country South Korea. Established 2017. Trust rank 875. Reported 24h volume 11722.63 BTC.
Coverage: 663 active pairs across 307 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 65.3%. Key pairs include XRP/KRW, ETH/KRW, BTC/KRW, ZK/KRW. Leading pair XRP/KRW. Median spread on leading markets 0.19%.
Understanding activity and pricing
Volume mix: KRW is the largest tracked quote currency at about 99.8% of measured flow. Data scope: 677 tickers observed, with spread readings on 300 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread summarizes typical distance between bid and ask on the most active books and is a useful proxy for execution friction. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. To evaluate fit, use coverage, concentration, spreads, and the leading pairs list together, especially if you rely on fast fills.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy