Krypto Exchange users in South Korea exceeded over 16 million after the election victory of US President Donald Trump received a thrust last November.
According to a report by the local news agency Yonhap, which was sent to representative Cha Gyu-Geun by the minor opposition Rebuilding Korea party, over 16 million people had crypto exchange accounts from a complete population of 51.7 million.
This can be equivalent with over 30% of the population.
All data come from the five most significant virtual exchanges in South Korea: Upbit, Bithumb, Coinone, Korbit and Gopax. People with several accounts were only counted once.
According to reports, industry officers are reporting the variety of crypto users 20 million by the tip of the 12 months, whereby a unevenly served civil servant of Yonhap is quoted:
“Some imagine that the cryptoma market has reached a saturation point, but there remains to be an countless possibility of growth in comparison with the mature stock market.”
After Trump's election victory last November in November, the variety of crypto users rose by over 600,000 to fifteen.6 million and gave a complete of 102.6 trillion South Korean Won (70.3 billion US dollars) in crypto assets.
Investors on the South Korean crypto market last December had 102.6 trillion South Korean Won (70.3 billion US dollars) in crypto assets. Source: Yonhap News
According to Yonhap, the variety of crypto investors exceeded 14 million in March 2024.
After the South Korean financial publication The Maeil Business Newspaper, the Korean Securities depot shows only 14.1 million individual investors on the stock exchange in December last 12 months.
South Korean officials have also reported that they kept in crypto and invested in investments.
The state's ethics committee for presidency officials announced on March 27 that 20% of the officials surveyed have 14.4 billion Won (9.8 million US dollars) in crypto, which represents 411 of the two,047 civil servants who were subject to the state's disclosure requirements for the possession of crypto assets.
The highest amount opened was 1.76 billion Won ($ 1.2 million), which town council of Seoul, Kim Hye-Young, belonged.
On March 26, the Financial Intelligence Unit of the South Korean Financial Service Commission published an inventory of twenty-two non -registered platforms and 17, which were blocked from the Google Play Store.
