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South Korea: Over 30% of Population Invests in Crypto – Market Boom
A staggering revelation has emerged from the Bank of Korea, indicating that a remarkable three-digit percentage of South Korea’s population is now invested in cryptocurrency. The data reveals an astonishing growth trajectory, with over 15.59 million individuals investing in crypto assets.
According to recent reports, this significant spike represents a substantial increase of nearly 1 million investors since the previous month. This meteoric rise is further amplified by the fact that the total value of these crypto assets has reached an eye-watering 102.6 trillion won (approximately $79 billion).
As the cryptocurrency market in South Korea continues to experience unprecedented growth, daily trading volumes have surpassed even the combined volumes of the KOSPI and KOSDAQ stock markets, a testament to the insatiable appetite for digital currencies exhibited by this Asian nation.
A closer examination of recent trends suggests that the crypto boom in South Korea is not an isolated phenomenon. Rather, it is deeply connected to the outcomes of the U.S. presidential election, which saw Donald Trump emerge victorious. This development has instilled a renewed sense of confidence among investors, particularly within the younger demographics.
Source: www.cryptoninjas.net
