More than 30% of Koreans invest in crypto assets
According to multiple sources, more than 30% of South Korea's population, or 15.6 million people, had invested in cryptocurrencies by the end of November 2024. This figure is based on data from five cryptocurrency exchanges largest in Korea: Upbit, Bithumb, Coinone, Korbit and Gopax. This increase may be partly due to Donald Trump's victory in the November 2024 US presidential election, creating hopes for more favorable policies towards cryptocurrencies. This data was released after the Virtual Asset User Protection Act took effect in July 2024, which is also the first time there are official statistics on cryptocurrency investment in Korea. The total value of crypto assets held by Korean residents is estimated at $70.3 billion.
