Official announcements from the South Korean government or financial regulatory bodies

South Korea's Crypto Investors Exceed 15.59 Million, Surpassing 30% of Population with $79 Billion in Assets and Trading Volume Surge

Dec 25, 2024, 03:01 AM

Data from the Bank of Korea indicates that the number of cryptocurrency investors in South Korea has surpassed 15.59 million as of the end of November 2024, representing over 30% of the country's population. This surge in crypto adoption reflects a significant shift in investment behavior, with total assets held by these investors amounting to approximately $79 billion. The daily trading volumes in the cryptocurrency market are now comparable to those of the stock market, signaling a major transformation in how capital is allocated in the region. The rapid increase in participation highlights a growing trend among South Koreans towards digital assets, moving away from traditional investment avenues.