This illustration {photograph} exhibits the Bitcoin cryptocurrency brand displayed on a smartphone beside a display screen exhibiting a buying and selling chart, Dec. 17, 2024. AFP-Yonhap
The variety of digital asset investors in Korea has surpassed 16 million, drawing near overtaking the variety of inventory investors in the nation, information confirmed Sunday.
A complete of 16.29 million folks had accounts on the high 5 home digital asset exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — as of late February, in line with information submitted to Rep. Cha Gyu-geun of the minor opposition Rebuilding Korea Celebration. Those that owned a number of accounts at totally different exchanges have been solely counted as soon as.
Merely put, practically 32 % of the nation’s inhabitants was taking part in the cryptocurrency market.
The variety of crypto investors exceeded the 14 million mark for the primary time in March 2024 earlier than over 500,000 folks newly entered the market in November with the election of U.S. President Donald Trump, surpassing the 15 million mark.
Some trade officers anticipate the variety of cryptocurrency investors will quickly attain 20 million, given the persevering with upward pattern this 12 months.
“Some consider the crypto market has reached a saturation level, however there’s nonetheless an infinite chance for development in contrast with the matured inventory market,” an trade official mentioned. (Yonhap)
