Forecast Trend Report by Period
The number of cryptocurrency investors in South Korea has surpassed 11 million, but growth in new users has slowed sharply.
Digital Times reported on May 10, citing the Financial Services Commission’s survey of virtual-asset service providers, that the number of users on domestic won-denominated exchanges who completed know-your-customer verification nearly doubled to 11.13 million at the end of last year from 5.58 million at the end of 2021.
The pace of growth has eased significantly in recent periods. The growth rate for tradable users was 21% in the first half of 2024 and 25% in the second half, but dropped to 3% in the second half of last…
