The number of crypto investors in South Korea reached 7.78 million people in the first half of 2024
The price of #Bitcoin continuously rising has significantly increased the demand to participate in crypto in South Korea.
https://n.news.naver.com/mnews/article/469/0000830698?sid=101
When comparing the data of the first half of 2024 with the second half of 2023:
- The number of investors increased by 21%, equivalent to 1.33 million people
- The average daily trading volume increased by 1.7 billion USD
- Revenue of 21 CEX exchanges in Korea also increased by 106%, reaching 428 million USD
According to a survey, 68% of crypto investors in South Korea own assets valued at less than 500,000 won (~360 USD). The preferred crypto assets are BTC, ETH, XRP, DOGE, and ETC.
It is known that Bitcoin spot #ETF and news of the US elections are the two main catalysts that have caused the crypto market in Korea to surge since the beginning of this year.
So there are only a few days left to know who will win the election, but it seems that South Korea is leaning towards Trump more due to the 'sweet words' he has given to the crypto industry.
