CandleFocus One in three Koreans now own crypto, Bank of Korea says
2024-12-25
Author: Content Editor
The South Korean crypto market is experiencing rapid growth, with over 30% of the population holding cryptocurrency. The number of investors reached 15.59 million by the end of November, an increase of 610,000 from the previous month. The total value of crypto held by South Korean investors reached a record 102.6 trillion won ($78 billion) in November, up from 58 trillion won in July. Daily trading volume on the country's top five crypto exchanges was nearly 15 trillion won in November, close to the daily trading volume of the stock market. Despite the market's growth, there are concerns about it growing too fast, and a lawmaker has urged the government to ensure stability and protect consumers.
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