South Korea’s Crypto Investor Base Increased by 21% in 2024 H1: Report
According to a new report by the Financial Intelligence Unit (FIU), South Korea’s cryptocurrency investor base has surged to 7.78 million. This figure marks a 21% increase from the previous year.
The “Virtual Asset Business Survey” shows domestic crypto investors increased by 1.33 million compared to the second half of 2023, driven largely by an explosive growth in Bitcoin’s value.
Investor Profile and Market Behavior
This growth coincides with a 67% increase in the average daily transaction volume in South Korea’s virtual asset market, which hit a record 6 trillion won ($4.3 billion), up from 3.6 trillion won ($2.6 billion) in the previous period. The market’s total valuation also increased by 27% to 55.3…
