The number of cryptocurrency exchange accounts in South Korea has surpassed 16 million, highlighting the rising adoption of digital assets in the region. Major players include Upbit, Bithumb, Coinone, Korbit, and Gopax.

The surge in crypto accounts has been linked to investor sentiment following the recent U.S. Elections, with over 600,000 new users joining in the wake of Donald Trump’s presidency.

Approximately 20% of South Korean public officials are reportedly investing in crypto, reflecting an increasing normalization of digital currency within governmental structures.