Crypto exchange users in South Korea crossed more than 16 million after obtaining a boost after US President Donald Trump won last November.
The data provided to the actor CH Gyu-GEun from the Simple Opposition Party has found that more than 16 million people have encryption accounts out of a total population of 51.7 million, According to To the March 30 report from the local news agency Yonhap.
This will be the equivalent of more than 30 % of the population.
All data were taken from the best five local virtual exchanges in South Korea: Upbit, Bithumb, Coinone, Korbit and GoPax. Individuals who have multiple accounts were calculated only once.
According to industrial officials, the number of encryption users could reach 20 million by the end of the year, as one official who did not reveal his name was martyred by Yonhap, saying:
“Some believe that the encryption market has reached a saturation point, but there is still an endless possibility to grow compared to the ripe stock market.”
After Trump’s victory in the November elections, the number of encryption users increased by more than 600,000 to 15.6 million, and combined with 102.6 trillion South Korea ($ 70.3 billion) in encryption assets.
Investors in the South Korea encryption market received 102.6 trillion from South Korea ($ 70.3 billion) in encryption assets from last December. source: Yonhap News
The number of encryption investors exceeded 14 million in March 2024, according to Yonhap.
Meanwhile, the deposit of securities in Korea shows 14.1 million investors listed in the stock market as of December last year, According to To the South Korean financial publication, Mail Business newspaper.
Related to: South Korea is looking for Bitcoin ETF decision, to Japan, for example
South Korea public officials also informed pregnancy and investment in encryption.
The country’s ethics committee revealed to government officials on March 27 that 20 % of public officials included in the survey were holding 14.4 billion ovens (9.8 million dollars) in Crypto, representing 411 out of 2,047 officials who were subjected to the country’s disclosure requirements to hold encryption assets.
The highest amount to be disclosed was 1.76 billion WNA ($ 1.2 million) belonging to the City of Seoul Kim Hai Young.
Meanwhile, on March 26, the Financial Intelligence Unit of South Korea’s Financial Services Committee published a list of 22 unregistered platforms and 17 banned from the Google Play store.
magazine: Crypting fans are obsessed with longevity and vital length: this is the reason
Related Articles
