Bitcoin’s price surge boosts South Korea’s crypto market, now valued at 55.3 trillion won.
Male investors in their 30s lead South Korea’s growing virtual asset sector.
High volatility makes cautious investment crucial for South Korea’s crypto investors.
As Bitcoin’s price moved past 100 million won, South Korea’s digital asset market has expanded substantially. The number of domestic investors grew by over a million in the first half of this year. A current survey by the Financial Intelligence Unit (FIU) of the Financial Services Commission highlighted increased volatility alongside this dramatic surge.
The Virtual Asset Business Survey from the FIU showed that the number of crypto investors in South Korea reached 7.7 million in the first half of this year, an increase of 21% in six months. The market’s daily transaction volume is now worth over 6 trillion won, a surge of 67%, while the total market capitalization jumped to 55.3 trillion won.
Notably, the report highlights that men in their 30s are the leading investment demographic, representing 1.58 million of the total investors, followed by men in their 40s and 20s. Bitcoin (BTC) holds the majo…
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