After the U.S. presidential election, the number of cryptocurrency investors in South Korea has exploded, with more than 30% of the population (approximately 51.23 million people) investing in cryptocurrencies. This is the first time the Bank of Korea has released cryptocurrency-related statistical data. The data was collected from business operators based on the Virtual Asset User Protection Act that took effect last July.
According to data submitted by the Bank of Korea to the National Assembly's Planning and Finance Committee member, Democratic Party Congressman Lim Kwang-hyun on the 25th, by the end of 2019, the number of domestic cryptocurrency investors in South Korea reached 15.59 million as of November, an increase of 610,000 from the end of October.
This refers to the number of investors who have accounts at the five major domestic exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax), counting the total number of accounts held by the same person across multiple exchanges.

The number of domestic cryptocurrency investors increases by about 100,000 each month. By the end of November, based on market valuation, the total amount of cryptocurrency held by domestic investors reached 102.6 trillion won, with the amount held per person surging to 6.58 million won.
As of the end of November, the scale of funds that are not invested in cryptocurrencies but are held in exchanges is calculated to be 8.8 trillion won.
The trading volume has also increased significantly. In November, the average daily trading volume of domestic cryptocurrency exchanges reached 14.9 trillion won. This is equivalent to the total scale of the KOSPI market (99.214 trillion won) and the KOSDAQ market (69.703 trillion won) in the same month. (Yonhap News)