South Korea to Lift Ban on Institutional Crypto Trading, Boosting Market Participation with 15.59M Investors and $10.5B Daily Volume

Jan 8, 2025, 11:33 AM

South Korea is set to lift its ban on institutional trading of cryptocurrencies, according to a report by Yonhap News Agency. The Financial Services Commission (FSC) plans to gradually allow institutional investors access to crypto exchanges, starting with non-profit organizations. This regulatory shift is expected to enhance market participation and liquidity in a sector that currently has 15.59 million investors, representing 30% of the country's population, and generates a daily trading volume of $10.5 billion. The FSC aims to align with global regulations in the virtual asset market, reflecting a significant change in the country's approach to cryptocurrency trading.