Published on October 31, 2024 | 3 min read
According to the latest data of South Korea’s Financial Services Commission, the cryptocurrency market in South Korea is experiencing substantial growth. As of the first half of 2024, the number of crypto investors surged to 7.78 million—a 21% rise from late 2023, where there were 6.45 million investors. Daily cryptocurrency trading activity also saw a sharp increase, with average volumes climbing 67%, from 3.6 trillion KRW to a remarkable 6 trillion KRW.
The recent surge in interest has significantly increased the market’s overall value, which now stands at 55.3 trillion KRW, marking a 27% rise compared to previous reports. Furthermore, 21 domestic cryptocurrency exchanges have reported a combined profit growth of 106%, reaching a total of 590 billion KRW. This trend highlights the growing adoption of digital assets across the country and underscores South Korea’s strengthening position in the global cryptocurrency landscape.
