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More than 10% of South Koreans are trading crypto as local retail investors pile into digital assets https://t.co/HeRzCrY2by
🇰🇷 Insights from the FSC's Report on Korea's Crypto Market in H2 2023 The Financial Services Commission's Report on Crypto Service Providers for H2 2023 was published today. Here are the key highlights of the report: Market Expansion 📈 - Market cap soared 53% to 43.6 trillion… https://t.co/sKU8dp4rgX
More than 1 in 10 South Korean are trading crypto (!?) And, 30s and 40s are nearly 60% of them. The South Korean won was the most traded currency against crypto-assets globally in the first quarter of 2024, beating the US dollar. an interesting crypto story by @JaehyunEom⬇️ https://t.co/j9TX8HMM6i
South Korean retail investors have been increasingly engaging in local digital-asset exchanges, with more than 10% of the population trading cryptocurrencies. Notably, individuals in their 30s and 40s make up nearly 60% of these traders. The South Korean won emerged as the most traded currency against crypto-assets globally in the first quarter of 2024, surpassing the US dollar. Additionally, the Financial Services Commission (FSC)'s report for H2 2023 highlighted a 53% surge in the market cap, reaching 43.6 trillion won.
