More than a third of South Korea's population invests in cryptocurrency
Date: 2025-04-01 Author: Gabriel Deangelo Categories: IN WORLD
In South Korea, the number of cryptocurrency investors has reached approximately 14.1 million people, which is about 32% of the country's total population. According to MP Cha Kyu-geun, only unique users were counted in order to avoid errors in the count, even if they had accounts on several cryptocurrency platforms.
The growth in the number of investors began to be recorded in March 2024, and over the past year, their number has increased by more than 2 million people. The maximum influx of new registrations occurred in November, after Donald Trump was elected US president - then over 500 thousand users were registered in a short period.
Among cryptocurrency exchanges, the leader is Upbit with 9.2 million registered users. Next are Coinone with 3.2 million and Bithumb with 2.36 million customers.
In terms of demographics, men in their 30s and 40s account for about 40% of all crypto investors. However, women over 50, especially those with significant financial resources, are also highly active in crypto investments.
The majority of investors, namely 12.1 million people (83.1%), hold crypto assets worth less than 1 million won (about $680). At the same time, 160,000 users hold assets exceeding 100 million won (about $68,000).
Earlier, South Korea's financial intelligence agency announced an investigation into cryptocurrency exchanges KuCoin and BitMEX due to their failure to register as virtual asset service providers (VASPs).
