CandleFocus Senior Citizens Drive South Korea’s Crypto Investments Surge
2024-12-03
Author: Content Editor
South Korea's cryptocurrency trading volume has been increasing, with senior citizens getting involved in the crypto investment trend. The monthly trading volume of stablecoins on the country's top five centralized exchanges has reached approximately $11.5 billion in November 2024, a sevenfold increase from the beginning of the year. This surge in stablecoin trading is attributed to South Korean investors transferring assets overseas for potentially more favorable conditions. Interestingly, the number of cryptocurrency accounts held by South Koreans aged 60 and above has significantly increased. This growing adoption of crypto is in response to the decline in traditional banking deposits, with investors shifting to riskier assets like cryptocurrencies.
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