On South Korea's leading exchanges Upbit and Bithumb, XRP has been dominating trading volumes, outpacing even Bitcoin and Ethereum. The reason? Local market structure plays a huge role here. Since spot-only regulations restrict leverage trading, altcoins like XRP have captured 70-80% of total volume on these platforms. Why XRP specifically? Its liquidity and volatility make it a magnet for retail traders who can't access margin markets. They're drawn to the price swings and trading opportunities, making XRP the go-to token for active traders operating within these constraints. The Korean market dynamic shows how regulatory frameworks directly shape trading behavior and asset preference.