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South Korea Sees Crypto Boom: Over 30% of Population Joins Top Exchanges
In a stunning turn of events, it has been reported that over 30% of South Korea’s population has joined the top crypto exchanges in the country. This unprecedented growth is attributed to the increased market activity sparked by U.S. President-elect Donald Trump’s pro-crypto policy statements.
According to a recent report by the Bank of Korea, which was created under the Virtual Asset User Protection Act, it appears that more than 15.59 million South Koreans have opened accounts on the nation’s top five crypto exchanges – Upbit, Bithumb, Coinone, Korbit, and GOPAX.
This remarkable growth is reflective of Bitcoin prices, which surged from 105 million won in late October to 135.8 million won by November. The sudden rise highlights South Korea’s growing influence in the global crypto market.
It is essential to note that this report marks a critical juncture for South Korea, as it solidifies its position as one of the world’s leading crypto nations.
Source: coinpedia.org
