The South Korean cryptocurrency market is reaching a new peak! 🎉

According to the latest data, by the end of November 2024, the number of cryptocurrency investors in South Korea has surpassed 15 million for the first time, reaching 15.59 million. This number increased by 610,000 compared to October, showing the market's sustained activity and strong interest from investors.

Moreover, the total market value of investors' holdings has reached an astonishing 1,026 trillion Korean Won (approximately 79 billion USD). This means that the average investor holds about 6.58 million Korean Won (approximately 5,070 USD) in cryptocurrency assets. Such data undoubtedly injects a strong dose of confidence into the market.

In terms of trading, the average daily trading volume of South Korea's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) reached 14.9 trillion Korean Won (approximately 11.5 billion USD) in November. This figure is nearly equivalent to the total average daily trading volume of South Korea's two major stock markets, KOSPI and KOSDAQ, demonstrating the immense vitality of the cryptocurrency market.

Market analysis points out that Trump's supportive statements about the cryptocurrency industry may be one of the important factors driving the enthusiasm of South Korean investors. This also indicates that global political trends have a significant impact on the cryptocurrency market.

Regarding the future development of the cryptocurrency market, investors hold different views. Some believe the market will continue to grow, while others remain cautious. Regardless, this trend undoubtedly brings more attention and discussion to the blockchain industry.

Dear readers, what do you think of this phenomenon? Feel free to share your views and opinions in the comments section, and let's explore the future direction of the cryptocurrency market together!