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Coin Edition 2024-12-27 09:40:00

South Korea’s Crypto Investors Top 15 Million, 30% of the Population, as Trading Volumes Surge

South Korea’s Crypto Investors Top 15 Million, 30% of the Population, as Trading Volumes Surge

South Korea’s crypto investors exceeded 15.59 million in November, up by 610,000 from October. Daily trading volumes on top exchanges reached 15 trillion won, rivaling stock market activity. Lawmakers urge regulation to stabilize the market and protect consumers. Crypto investors in South Korea grew to 15.59 million in November, with 610,000 new participants joining in just one month. Trading volumes on the nation’s top crypto exchanges soared to 15 trillion won ($10.13 billion), rivaling daily stock market activity. Crypto Holdings and Trading Soar South Korea’s cryptocurrency market has experienced unprecedented growth in recent months. Total crypto holdings rose to 102.6 trillion won ($69.77 billion) in November, a leap from 58.6 trillion won ($39 billion) in July. Daily trading volumes mirrored this trend, climbing from 2.9 trillion won ($1.97 billion) in July to nearly 15 trillion won ($10.13 billion) on the top five crypto exchanges— Upbit, Bithumb, Coinone, Korbit, and GoPax— by November. This surge in activity highlights the growing influence of digital assets within South Korea’s financial ecosystem. Investor Optimism Linked … The post South Korea’s Crypto Investors Top 15 Million, 30% of the Population, as Trading Volumes Surge appeared first on Coin Edition .

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