New Trends in South Korea's Crypto Market: The Rise of Investors Over 60!📈

On South Korea's major cryptocurrency exchanges Upbit and Bithumb, the number of accounts held by users over 60 has surged, reaching 775,700 by the end of September, a 30.4% increase compared to the end of 2021. These users collectively hold 67.609 trillion won in crypto assets, with an average investment amount of approximately 8.72 million won.

Meanwhile, the balance of demand deposits at South Korea's five major banks has significantly decreased, hitting a new low since January this year. Experts analyze that this trend may be related to the Trump rally effect and expectations of interest rate cuts, prompting funds to shift from traditional banks to riskier crypto assets.🔍