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Home»ALTCOIN NEWS»According to a central bank survey, 30% of South Korea’s population currently owns cryptocurrency assets.
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According to a central bank survey, 30% of South Korea’s population currently owns cryptocurrency assets.

By Crypto FlexsDecember 27, 20242 Mins Read
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According to a central bank survey, 30% of South Korea’s population currently owns cryptocurrency assets.
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It is reported that a significant portion of the Korean population is investing in cryptocurrency.

Yonhap News reported that the number of cryptocurrency holders on Korean exchanges exceeded 15.59 million in November, up 610,000 from 14.98 million in October, citing new central bank data provided by the office of Democratic Party lawmaker Lim Gwang-hyun.

The figure based on the number of investors holding accounts in Korea’s five major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, accounts for more than 30% of the approximately 51.23 million people residing in East Asian countries. .

The report said the number of cryptocurrency investors is increasing as a result of market optimism following the victory of US President-elect Donald Trump, who has pledged to support the virtual asset industry.

The number of domestic cryptocurrency investors increased by about 100,000 per month to 14.74 million in July, 14.82 million in August, 4.88 million in September, and 14.98 million in October.

Total cryptocurrency holdings also increased from 586 trillion won in July to 102.6 trillion won in November. The average daily transaction amount also surged from 2.9 trillion won in July to 14.9 trillion won in November.

CEO Lim said that the scale of cryptocurrency trading is quickly approaching a level comparable to that of the stock market.

“Preparation at all levels of government is necessary to increase the stability of the virtual asset market and establish sound market transactions that protect user rights and interests.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/eliahinsomnia/INelson

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