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The number of cryptocurrency investors in South Korea is expected to reach 9.66 million in 2024, increasing by more than 50% compared to the previous year.
One in four cryptocurrency investors in the country is over the age of 50. Notably, nearly half of high-net-worth investors with cryptocurrency assets of over KRW (South Korean Won) are aged 50 and above.
According to data from five major domestic cryptocurrency exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, obtained by Democratic Party lawmaker Ahn Do-jae, the number of investors with trading accounts on these exchanges reached 9,667,023 by the end of 2024. This figure was realized with a 52.6% increase compared to the previous year (3,333,439 new investors).
Ahn emphasized that a regulatory framework should be established as soon as possible to protect investors, saying, “A minimum regulatory framework should be implemented as soon as possible to protect investors.”
However, earlier today, South Korea’s second-largest cryptocurrency exchange Bithumb announced that it will be listing the Across Protocol (ACX) KRW trading pair.
*This is not investment advice.
