According to a report by the Finance Committee of the Korean National Assembly, there are now over 15 million cryptocurrency investors in South Korea! This marks the first time since the inception of digital assets that this milestone has been reached. As of the end of November 2024, there were a whopping 15.59 million individuals invested in cryptocurrencies – an impressive 61% increase from just one month prior.
These figures show just how popular digital currencies have become among South Koreans. In fact, the total market value of their holdings stands at a staggering 102.6 trillion won (or around $79 billion). On average, each individual investor holds about 6.58 million won ($5,070) worth of digital assets.
It seems that President Trump’s support for the cryptocurrency industry has also contributed to this surge in interest among Korean investors. Market analysts point out that the daily trading volume on five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) in November was equivalent to the combined daily trading volume of both the KOSPI and KOSDAQ stock markets – an impressive feat!
Reported by m.theblockbeats.info