South Korea saw a MAJOR increase in cryptocurrency users, with 610,000 new users in November alone, pushing the total to 15.59 million. This surge is attributed to the growing acceptance of cryptocurrencies and anticipation of favorable regulations under the possible Republican-led administration.
By November, South Korea’s daily crypto transaction volume ROSE to 10.6 billion USD, up from 2.4 billion USD in October. Correspondingly, total holdings of digital assets by South Koreans surged to 73.28 billion USD, marking a significant leap from the previous month’s figures. This growth highlights the country’s increasing financial commitment to cryptocurrency.