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South Korea Sees Crypto Boom: Over 30% of Population Joins Top Exchanges
By the end of November, a staggering 15.59 million South Koreans held accounts on the nation’s top five crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX. This remarkable growth aligns with increased market activity sparked by U.S. President-elect Donald Trump’s pro-crypto policy statements.
A report by the Bank of Korea, created under the Virtual Asset User Protection Act, reveals that an astonishing 30% of the country’s population is now involved in crypto trading. Bitcoin prices mirrored this enthusiasm, climbing from 105 million won in late October to 135.8 million won by November. The surge highlights South Korea’s growing role in the global crypto market.
The rapid expansion of the crypto market in South Korea has left experts stunned. According to Mustafa Mulla, an expert in the field, “This sudden interest is a clear indication that South Koreans have taken notice of the vast potential offered by cryptocurrencies.”
As the news spreads, investors from around the world are taking note of this unprecedented growth. The country’s top exchanges are now witnessing a massive influx of new users and trading volume, exceeding expectations.
In light of these astonishing figures, many are left wondering what lies ahead for South Korea’s crypto market.
Source: coinpedia.org
