In November 2024, South Korea saw a dramatic increase in cryptocurrency adoption. About 30% of its population, over 15.5 million PEOPLE, now hold digital assets. This surge reflects the country’s growing interest and confident investor participation in the digital asset market.
South Korea’s crypto holdings almost doubled in just a month, jumping from 58 trillion KRW (39 billion USD) to 102.6 trillion KRW (69 billion USD). Average holdings per person also significantly increased, suggesting rising individual investments in the crypto sector.
November 2024 saw daily trading volumes in South Korea’s crypto market soar to 10.2 billion USD, reaching levels comparable to its MAJOR stock markets. This indicates significant market activity and requires regulatory measures, as emphasized by Rep. Lim Gwang-Hyun, to ensure stability and investor protection.