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Foreign Crypto Accounts at South Korea Exchanges Reach 566,352, but Only 90 Were Active in July

Foreign Crypto Accounts at South Korea Exchanges Reach 566,352, but Only 90 Were Active in July

  • South Korea’s five biggest cryptocurrency exchanges had 566,352 foreign accounts, but only 90 active accounts were used in July.
  • Corporate accounts held about $31.4 million in crypto assets, while foreign users held about $22.0 million in crypto assets and $1.9 million in deposits.
  • South Korea’s financial authorities are preparing safeguards for crypto trading by listed companies and corporations registered as professional investors, while exchanges are getting ready with stronger customer verification and systems to split large orders into smaller trades.

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Photo: Shutterstock
Photo: Shutterstock

More than 560,000 foreign accounts are registered at South Korea’s five biggest…

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