South Korea’s Crypto Users Just Beat Stock Market Investors
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South Korea’s crypto users now outnumber traditional stock investors, with 16.29 million accounts recorded across top exchanges. Crypto adoption grows as nearly one-third of South Korea’s population engages in virtual asset trading. Who would have thought, the crypto market in South Korea has now surpassed the stock market in terms of the number of users. Based on the latest data as of the end of February 2025, the five major virtual asset exchanges in the country recorded a total of 16.29 million user accounts, according to SBS. This figure represents around 32% of the total population of South Korea and exceeds the number of stock investors, which is currently at 14.1 million. Indeed, that number includes duplicate accounts from users who have more than one account on various exchanges. But still, this surge makes the stock market look a bit quiet, at least from the perspective of the digital generation. Crypto Investors Are Not Only Dominated by Young People Usually, the crypto world is considered a playground for young people. However, a report from the CNF presents a different view. More than 9.6 million South Koreans are now investing in crypto, an increase of more than 50% compared to the previous year. And interestingly, one in four of these investors is over 50 years old. In fact, many of them hold large crypto asset portfolios. Just imagine, the grandfather who is usually busy playing chess in the park, may now be monitoring the Bitcoin chart on his tablet. Most Investors Gained Profits and Expect More Ahead Furthermore, a report from Despread Research shows that around 70% of crypto investors in South Korea made a profit throughout 2024. The assets that dominate their portfolios are Bitcoin (BTC), XRP, and Ethereum (ETH). Optimism continues to soar because 75% of them believe that…
Filed under: News - @ March 30, 2025 10:07 am