The crypto market in South Korea experienced significant growth in the first half of 2024, with the number of investors rising to 7.8 million and daily trading volumes increasing by 67% to $4.4 billion. This expansion was driven by a surge in Bitcoin prices, which reached over $73,000, and growing investor interest. Male investors in their 30s make up the largest segment of the market, while approximately 10% of investors have portfolios over $7,500. In response to these market dynamics, South Korea plans to tighten regulations and introduce measures for enhanced oversight of trading activities, including mandatory registration for firms engaged in cross-border crypto trading.
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