Crypto Adoption Explodes in South Korea As Number of Investors Rises to 16,290,000: Report
Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets.
The Seoul-based news agency Yonhap, citing data released by the South Korean government, reports that as of late February of this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the country’s top five domestic crypto exchanges.
South Koreans with accounts at multiple exchanges were reportedly only counted once to keep the data accurate. The country currently has an overall population of nearly 52 million.
There were 14 million crypto investors in South Korea in March 2024, and more than 500,000 new investors in the country purchased crypto in November, the same…
