tl;dr
A Seoul-based news agency reports that nearly one-third of the South Korean population, around 16.29 million people, have invested in Bitcoin and other digital assets. This data, released by the South Korean government, includes accounts on the country's top five domestic crypto exchanges. The overa...
Nearly one-third of the South Korean population has invested in Bitcoin and other digital assets, with 16.29 million people opening accounts on the country's top five domestic crypto exchanges. The overall population of South Korea is nearly 52 million. There were 14 million crypto investors in South Korea in March 2024, and over 500,000 new investors in November, coinciding with Donald Trump's US presidential election win.
Industry officials predict that South Korea will soon have 20 million crypto investors, citing endless growth potential compared to the matured stock market. South Korean banks are rushing to partner with crypto firms as the country's digital asset regulations become less restrictive. In February, the country's Financial Services Commission announced plans to launch a pilot program in the second half of 2025, allowing 3,500 corporate entities to buy crypto for investment and financial purposes, despite corporate crypto transactions being banned in the country since 2017.
A Seoul-based news agency reports that nearly one-third of the South Korean population, around 16.29 million people, have invested in Bitcoin and other digital assets. This data, released by the South Korean government, includes accounts on the country's top five domestic crypto exchanges. The overall population of South Korea is nearly 52 million. Industry officials predict that the number of crypto investors in South Korea will soon reach 20 million.
South Korean banks are rushing to partner with crypto firms as the country's digital asset regulations become less restrictive. In February, the country's Financial Services Commission announced plans to launch a pilot program in the second half of 2025, allowing 3,500 corporate entities to buy crypto for investment and financial purposes, despite corporate crypto transactions being banned in the country since 2017.
Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets. As of late February, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit, and Gopax, the country’s top five domestic crypto exchanges. South Koreans with accounts at multiple exchanges were reportedly only counted once to keep the data accurate. The country currently has an overall population of nearly 52 million.
There were 14 million crypto investors in South Korea in March 2024, and over 500,000 new investors in the country purchased crypto in November, the same month that Donald Trump won the US presidential election. Industry officials predict that South Korea will soon be home to 20 million crypto investors. Banks in South Korea have reportedly been rushing to partner with crypto firms as the country’s digital asset regulations become less restrictive.
In February, South Korea’s Financial Services Commission announced that the country would launch a pilot program in the second half of 2025 that allows 3,500 corporate entities to buy crypto for investment and financial purposes. Corporate crypto transactions have been banned in the country since 2017.