Nearly a third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets.
The Seoul-based news agency Yonhap, with reference to information released by the South Korean government, reports That from the end of February this year, 16.29 million people have opened accounts on UPSBIT, BITHUM, Coinone, Korbit and Gopax, the country’s five domestic cryptout changes.
South Koreans with accounts on several exchanges were reportedly only once in order to keep the information correct. 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 swung to Kryptosupportive positions on the reason for the election last year.
Industry officials predict that South Korea will soon be home for 20 million crypto investors.
Says an official,
“Some believe that the crypto market has reached a saturation point, but there is still an endless opportunity for growth compared to the mature stock market.”
Banks in South Korea have reportedly rushes Collaborating with crypto companies such as the country’s digital asset rules becomes less restrictive.
In February announced That the country would launch a pilot program during the second half of 2025, which allows 3,500 companies to buy crypto for investment and financial purposes. Corporate crayon transactions have been banned in the country since 2017.
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