Over 30% of South Koreans hold crypto assets, with investments exceeding 100 trillion won, says new report.
Crypto Adoption Soars in South Korea
South Korea’s cryptocurrency market is booming, with over 15.59 million citizens investing in crypto by the end of November. This marks an increase of 610,000 investors in just a month, attributed to optimism following Donald Trump’s election victory.
Crypto Holdings Reach New Highs
The value of crypto held by South Korean investors hit a record 102.6 trillion won ($78 billion) in November. This represents a significant jump from 58 trillion won in July. On average, each investor now holds 6.58 million won in crypto, showing a notable rise in per-person investment.
Trading Volumes Rival Stock Markets
Daily trading volume across South Korea’s top five exchanges—Upbit, Bithumb, Coinone, Korbit, and GoPax—approached 15 trillion won in November. This activity nearly matches the trading volumes of traditional stock markets in the country.
Calls for Regulation Amid Rapid Growth
The rapid growth of the crypto market has sparked concern among lawmakers. Lim Kwang-hyun of the Democratic Party has urged the government to implement measures to ensure market stability and protect investors from potential risks. However, specific regulatory steps remain unclear.
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