Korean Investors Captivated by XRP... Domestic Market Cap Rivals Bitcoin

Uk Jin

Summary

According to the Financial Services Commission, the investment proportion of XRP (Ripple) in the domestic virtual asset market is similar to that of Bitcoin.
While XRP ranks fourth in global market capitalization, it ranks second domestically, indicating its significant popularity.
This shows that domestic investors' interest in XRP is particularly high compared to overseas.

An analysis of domestic investors' virtual asset (cryptocurrency) investments revealed that a quarter of the total investment amount was concentrated in XRP (Ripple).

According to the '2024 Second Half Virtual Asset Business Survey' released by the Financial Intelligence Unit (FIU) under the Financial Services Commission on the 20th, Bitcoin (BTC) and XRP ranked first and second in domestic virtual asset market capitalization, with market shares of 29.7% and 23.1%, respectively. They were followed by Ethereum (9.1%), Dogecoin (4.3%), Solana (2.3%), and Cardano (1.6%).

Compared to overseas, the proportion of XRP investments by domestic investors was much higher. During the same period, Bitcoin (54%) also ranked first in global virtual asset market capitalization. However, XRP, which ranked second domestically, only accounted for 3.5% of the global virtual asset market capitalization, placing it fourth.

BTC

XRP