It is said that nearly a third of the South Korean population invested in Bitcoin (BTC) And other digital assets.
News Agency in Seoul Yonhap, noting the data issued by the South Korean government, Reports From late February this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and GoPax, the best five local encryption exchange in the country.
According to the South Koreans, who have accounts in multiple exchanges only once to maintain accurate data. The country’s population is currently about 52 million.
There were 14 million encryption investors in South Korea in March 2024, and more than 500,000 new investors in the country bought Crypto in November, in the same month that Donald Trump won the US presidential elections. Trump is the focus of encrypted support positions in the period before the elections last year.
Industry officials expect that South Korea will soon become 20 million encryption investors.
One official says,
“Some believe that the encryption market has reached a saturation point, but there is still an endless possibility to grow compared to the ripe stock market.”
Banks in South Korea have And according to what was reported, he was rushing For partnership with encryption companies where the country’s digital asset regulations become less restricted.
In February, the South Korea Financial Services Committee Declare The country will launch a pilot program in the second half of 2025 that allows 3,500 entities a company to purchase coding for financial purposes. Corporate encryption transactions in the country have been banned since 2017.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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