Bitcoin Surge: South Korea Reaches 15.59 Million Cryptocurrency Investors Amid Rapid Growth

The cryptocurrency landscape in South Korea is witnessing remarkable growth, as highlighted in a recent report by Yonhap News Agency. As of late November, the Bank of Korea disclosed that the total number of cryptocurrency investors has surged to approximately 15.59 million, representing around 30% of the nation’s population. This reflects an increase of 610,000 new investors since the prior month. Furthermore, November marked a significant uptick in trading activity, with the daily average trading volume across South Korean exchanges reaching 14.9 trillion Korean won (around $10.5 billion). This figure is in close proximity to the trading volumes seen on the KOSPI Index and KOSDAQ, which recorded 9.92 trillion and 6.97 trillion Korean won, respectively. In addition, the total cryptocurrency asset value for South Korean investors skyrocketed to 102.6 trillion Korean won (approximately $70.3 billion), up significantly from 58 trillion Korean won (or $39.7 billion) in October.