Crypto exchange users in South Korea have crossed more than 16 million after receiving a help following the winner of President Donald Trump’s election in November.
Data submitted to Representative Cha Gyu-Geun by the Minor Opposition Rebuilding Korea Party found more than 16 million people had Crypto exchange accounts In a total population of 51.7 million, According to In a March 30 report from local news agency Yonhap.
This is equivalent to more than 30% of the population.
All data was extracted from the top five domestic virtual exchanges in South Korea: upbit, Bithumb, Coinone, Korbit and Gopax. Individuals with multiple accounts count only once.
Industry officials have been reported to think of the number of crypto users may hit 20 million by the end of the year, with an unnamed officer mentioned by Yonhap saying:
“Some believe that the crypto market has reached a saturation point, but there is still an endless possibility for growth compared to the matured stock market.”
Following the win in Trump’s election in November, the number of Crypto users have spit more than 600,000 to 15.6 million.
Investors in the South Korean crypto market have 102.6 trillion winning South Korea ($ 70.3 billion) in crypto assets last December. Source: Yonhap News
The number of investors in Crypto exceeded 14 million in March 2024, Yonhap said.
Meanwhile, the Korean security deposit shows only 14.1 million listed individual investors in the stock market until December last year, According to In South Korea’s financial publication the Maeil business newspaper.
Related: South Korea inches closer to the Bitcoin ETF’s decision, looked at Japan as an example
South Korean public officials also reported on the handle and investment in crypto.
The country’s ethical commission for government officials disclosed on March 27 that 20% of those -who -public officials Holds 14.4 billion wins ($ 9.8 million) in crypto, representing 411 of the 2,047 officials undergoing the country’s disclosure requirements that Hold crypto assets.
The highest amount disclosed was 1.76 billion won ($ 1.2 million) belonging to Seoul City Councilor Kim Hye-Young.
Meanwhile, on March 26, the Financial Intelligence Unit of the South Korean Financial Services Commission Published a list of 22 non -registered platforms and 17 -Block From the Google Play Store.
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