Last year, Korean crypto investors’ bases skyrocketed by over 50%

A survey conducted on five crypto exchanges in South Korea on March 21 revealed that the number of domestic crypto investors increased by more than 50% last year. The amount of cryptos owned by Korean investors is currently worth more than 105T.

According to reports from a local media outlet Dongaon the 21st, data received by Democrat Ahn do-Jae from five domestic crypto exchanges, including Upbit, Bithumb, Coinone, Korbit and Gopax, showed that there were 9,667,023 investors who had trading accounts for these exchanges at the end of last year (e.g., the end of September 2024). The number of crypto investors in Korea increased by 52.6% (3,333,439), winning the total value of the cryptos owned by more than 105T.

The number of crypto investors in their 50s and 60s has increased significantly, reaching 175m by the end of last year, reaching 56.4% year-on-year. The number of crypto investors over the age of 60 also rose sharply, up 636.7k, up 52.6%, from 371.8k at the same time.

The number of Korean crypto investors will skyrocket above 50% in 2024

The number of crypto investors in Korea exceeded 50%, reaching 9.66 million. Surprisingly, one in four people are over 50 years old, and half of high-end investors with KRWs above 1B are in the same age group. What is driving this shift? diving: #crypto #Investment…

– Satoshi Club Alerts (@satoshi_alerts) March 22, 2025

The number of Korean cryptocurrency investors surged more than 50% last year to reach 9.66 million. In particular, one in four cryptocurrency investors and roughly half of high-end investors who own more than 1 billion KRW in cryptocurrency are over 50 years old. Of the 9,135 investors who owned over $1 billion signal on five exchanges at the end of last year, 35.2% (3,215) were in their 50s and 19.9% ​​(1,817) were over 60 years old. The average large investor, over 50, owned a cryptographic correlation of 2.15 billion won.

Jess Zeng of Meth Protocol Ecosystem Lead said that South Korea is one of the Asian countries that has joined the growing list of countries open to institutional crypto investment. She added that increasing institutional capital will accelerate adoption of assets such as ETH, and mantle and female protocols play a key role in this shift.

“We need to establish minimum regulatory standards as soon as possible to protect our investors.”

~ Councillor Ahn do-jae

Rep. Ahn stressed the need to quickly establish a minimal regulatory framework. Rep. Lim Kwang Hyun also pointed out that “at a pan-government level” that South Korea needs to take thorough measures to establish sound trading practices that will increase the stability of the crypto market and protect investors’ rights.

Bank of Korea (BOK) released its first Crypto Investor data in December 2024

Data from the Bank of Korea, shared by South Korean Democratic Rep. Lim Kwang Hyun, revealed that the number of cryptocurrency investors in South Korea has skyrocketed to 15.59 million (about 30% of the country’s population) since November, an increase of 610k from the previous month. Furthermore, as of December 25, 2024, the total market value of cryptocurrencies held by Korean investors reached 102.6 trillion won.

The data also showed a significant increase in crypto trading, comparable to the volume of the domestic stock market. In November, the daily domestic crypto transaction volume averaged 14.9 trillion won (approximately $10.2 billion), roughly equaling the total volume of Cospi at 9.9 trillion won and the Cosdaq at 6.9 trillion won. As of December 25th, the total market value of crypto held by Korean investors had increased by 76.9% from the previous month. Furthermore, funds, or deposits awaiting investment, have earned a total of 8.8 trillion won over the same period.

Data compiled by South Korean regulators also showed that the number of domestic crypto investors increased 21% year-on-year to 7.78 million in the first half of 2024, a 21% increase from the previous year to 7.78 million, which is about 52 million of the Korean population. The average daily trading volume for cryptos jumped from 67% to 6 trillion won over the same period, while the market value of Korean cryptos increased by 27% to 55.3 trillion won.