Story Highlights
- South Korea’s crypto investors surge 50%, surpassing 9.6 million.
- Over 50% of high-value crypto holders are younger investors.
- South Korea’s crypto holdings exceed 100 trillion KRW milestone.
The number of crypto investors in South Korea surged significantly last year. Reports suggest that the total number of investors surpassed 9.6 million. The growth rate exceeds 50% when compared to the previous annual total. Virtual currency ownership has increased to involve nearly twenty percent of South Korean residents.
The crypto market attracts an increasing number of senior citizens as they continue to enter this space. Statistics reveal that approximately 25% of cryptocurrency investors span beyond age fifty. Between 50% to 55% of wealthiest, cryptocurrency investors who hold assets worth over 1 billion KRW are within their younger years.
Five leading cryptocurrency exchanges, like Upbit, Bithumb, Korbit, Coinone and Gopax confirm this trend through their combined data sources. The five major cryptocurrency exchanges reported 9,667,023 registered investors at the end of 2024 after recording a 52.6% growth in investor numbers throughout one year.
South Korea’s Crypto Holdings Exceed 100 Trillion KRW
The value of cryptocurrency assets exceeded 100 trillion KRW during this period and registered at 105 trillion KRW. Digital asset investments from South Korean individuals are reaching their highest levels ever, as evidenced by recent statistics.
The data shows that senior investors have significantly grown in number. The demographic of older cryptocurrency traders aged 50 to 59 showed a significant growth of 56.4%, which brought their total number to 1.75 million participants. The senior investor demographic grew substantially by 52.6% since they now number 636,700 individuals.
Older individuals make up most of the crypto asset holders who exceed 1 billion KRW worth of assets. The population consists of 35.2% who are older than 50 years and 19% who surpass 60 years. The average worth of individual high-net-worth investors in virtual currencies stands at 2.15 billion KRW.
The crypto market keeps growing which creates more demands for effective regulatory solutions. Public officials warn that the market will face major upcoming financial dangers unless it receives a suitable regulatory structure. However, future talks about regulation guidelines will continue to unfold.
