CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2024-12-25 08:35:24

South Korea’s crypto investors surpass 15.59M, holding $79B in assets

The Bank of Korea revealed there were over 15.59 million domestic crypto asset investors by the end of November. This means more than 30% of South Korea’s population is investing in digital assets, particularly on the top 5 domestic exchanges Upbit, Bithumb, Coinone, Korbit, and GOPAX. According to the Bank of Korea, domestic asset investors augmented by 610,000 in November, bringing the total to 15.59 million. South Korea’s crypto investors drive market value to $79 billion Although November saw the highest increase in crypto investors in the country, in the preceding months, the number of investors grew steadily by approximately 100,000 people per month. In July, there were about 14.74 million domestic asset investors before rising to 14.82 million in August, 14.88 million in September, and 14.98 million at the end of October. The stark increase in investors in November, however, coincides with the impressive rise in Bitcoin prices which surged from around 100 million KRW at the end of October to over 135 million KRW by late November. Not to mention, the influx of domestic investors and Bitcoin prices in November, boosted the total crypto holdings, to 102.6 trillion KRW (approximately $79 billion), compared to 58 trillion KRW in October. Moreover, deposits in exchanges not yet invested added up to 8.8 trillion Korean won at the end of November. The average daily trading volume of domestic virtual asset exchanges also surpassed combined trading volumes on South Korea’s Kospi and Kosdaq stock exchanges reaching 14.9 trillion won in November. In the preceding months, however, the average daily transaction volumes oscillated around 2 and 3 trillion KRW, with October recording only 3.4 trillion KRW. Rep. Lim Gwang-hyun of the Democratic Party of Korea, a member of the National Assembly Planning and Finance Committee, commented on the growing virtual asset market saying: “The virtual asset transaction volume is rapidly increasing to a level comparable to that of the stock market.” He added that the government needs to prepare on how to ensure sound market transactions to promote stability in the crypto space and safeguard the rights and interests of digital asset users. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta