In August, XRP’s spot trading volume hit a six-month high, exceeding $7.26 billion on Binance alone. Other major exchanges also posted substantial increases: Upbit recorded $4.68 billion, Bithumb Korea $2.59 billion, Bybit $1.40 billion, and Gate.io $1.33 billion. This surge in trading activity is largely attributed to XRP’s parabolic price move during the month and reflects growing liquidity, allowing larger buy and sell orders to move through the market with less impact on price.
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