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Crypto Recurring-Buy Investment Nears $686 Million in South Korea, Up 79% This Year

Crypto Recurring-Buy Investment Nears $686 Million in South Korea, Up 79% This Year

  • Cumulative investment in the crypto recurring-buy service Moeugi reached 972.92 billion won ($686 million) as of the end of August, up 78.9% from a year earlier.
  • Upbit’s cumulative investment in Moeugi totaled 897.71 billion won ($633 million), accounting for 92.3% of the total and rising 81.3% from a year earlier.
  • Despite the market downturn, demand from small investors lifted users of Moeugi to 337,119, up 37.4%, while staking service investment showed mixed changes across exchanges.

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Photo: Shutterstock
Photo: Shutterstock

Use of “Moeugi,” a recurring-buy service that invests fixed amounts in cryptocurrencies at regular intervals, is rising despite weakness in the digital-asset…

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