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Will South Korea's crypto trading volume surpass $70B daily by 2024 end?
3
Resolution / Starting Odds
Yes • 50%
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Reports from South Korean financial authorities and cryptocurrency exchanges
Story
South Korea's Crypto Investor Base Surges by 21% to 7.78 Million, Boosting CEX Profits by $4.2 Billion
Oct 31, 2024, 04:33 AM
The market capitalization of virtual assets in South Korea grew by 27% in the first half (H1) of 2024, according to data. The number of cryptocurrency investors in South Korea increased by 21% from the second half of 2023, reaching 7.78 million, according to an official report. The average daily trading volume surged from $2.61 billion to $64.35 billion. This influx of investors boosted profits for the top 21 centralized exchanges by 106% year-over-year, amounting to $4.2 billion.
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