📢 South Korean Central Bank: Over 30% of Citizens are Trading Coins!? The number of local cryptocurrency investors has surpassed 15.59 million!!
According to a report by Yonhap News Agency, the Bank of Korea has for the first time released data revealing the actual figures of domestic virtual asset investments.
As Bitcoin surged over $30,000 in November, the number of investors with accounts on domestic exchanges exceeded 15 million, equivalent to over 30% of the population investing in cryptocurrencies.
Number of investors: As of the end of November, the number of domestic virtual asset investors in South Korea was 15.59 million, an increase of 610,000 from the end of October.
Exchange data: This data comes from South Korea's five major exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) and represents a figure that may include the same person holding accounts on multiple exchanges.
After Trump was elected, Bitcoin surged from $68,000 to over $30,000 in November, surpassing $99,000, leading the overall cryptocurrency market into a frenzy and attracting a significant influx of Korean investors.
Cryptocurrency value: By the end of November, the overall cryptocurrency value held by South Korean investors skyrocketed to 102.6 trillion won (approximately 2.3 trillion New Taiwan dollars), with an average holding of 6.58 million won (approximately 147,600 New Taiwan dollars).
The daily trading volume of domestic virtual asset exchanges in South Korea reached 14.9 trillion won (approximately 334.2 billion New Taiwan dollars) in November, almost equivalent to the total daily average of the KOSPI and KOSDAQ stock markets for that month.
The Bank of Korea has publicly released related data for the first time, demonstrating South Korea's significant influence in the cryptocurrency market. Lin Guangxian, a member of the National Assembly's Finance Committee, stated: 'The scale of virtual asset trading is rapidly increasing to a level comparable to that of the stock market.
From the government's perspective, in order to enhance the stability of the virtual asset market and establish a healthy market transaction to protect user rights, thorough preparations need to be made.'