South Korean crypto exchange users hit 16M in ‘saturation point’
Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November.
Data submitted to representative Cha Gyu-geun of the minor opposition Rebuilding Korea Party found over 16 million people had crypto exchange accounts out of a total population of 51.7 million, according to a March 30 report from local news agency Yonhap.
This would be equivalent to over 30% of the population.
All the data was taken from the top five domestic virtual exchanges in South Korea: Upbit, Bithumb, Coinone, Korbit and Gopax. Individuals with multiple accounts were only counted once.
Industry officials are reportedly speculating the number of crypto users could hit 20…
