Almost a third of the South Korean population reportedly invested in Bitcoin (BTC) and other digital assets.
The Seoul-based news agency Yonhap, with reference to data released by the South Korean government, report That from the end of February of this year 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the top five domestic crypto exchanges of the country.
South Koreans with accounts at multiple trade fairs were reportedly counted only once to keep the data accurate. The country currently has a total population of almost 52 million.
There were 14 million crypto investors in South Korea in March 2024, and more than 500,000 new investors in the country bought crypto in November, the same month that Donald Trump won the US presidential election. Trump played in crypto-supporting views in the run-up to the elections last year.
Industry officials predict that South Korea will soon be home to 20 million crypto investors.
Says an official one
“Some believe that the cryptomarkt has reached a saturation point, but there is still an endless possibility of growth compared to the aged stock market.”
Banks in South Korea are said to work together with crypto companies as the digital assets regulations of the country become less restrictive.
In February, the financial service committee of Zuid -Korea announced That the country would launch a pilot program in the second half of 2025 with which 3,500 business entities can buy crypto for investments and financial purposes. Company crrypto transactions have been banned in the country since 2017.
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