Youthful Demography Fuels South Korea's Crypto Boom

In a recent Bloomberg Crypto report, South Korean retail investors are credited with fueling the surge in local digital asset exchanges, predating the global crypto boom that pushed prices to record highs earlier in 2024.  The Korea Financial Intelligence Unit (KOFIU) revealed a significant uptick in crypto participation, with active users on registered exchanges surging […]

The post Youthful Demography Fuels South Korea’s Crypto Boom appeared first on Coin Edition.

Youthful Demography Fuels South Korea's Crypto Boom

  • Retail investors drive South Korea’s rise in global crypto market
  • A young demography reshaping South Korea’s crypto landscape
  • Upcoming regulations signal proactive approach to crypto oversight

In a recent Bloomberg Crypto report, South Korean retail investors are credited with fueling the surge in local digital asset exchanges, predating the global crypto boom that pushed prices to record highs earlier in 2024. 

The Korea Financial Intelligence Unit (KOFIU) revealed a significant uptick in crypto participation, with active users on registered exchanges surging by 390,000 to 6.45 million by year-end 2023.

This surge in activity is particularly noteworthy, representing over 10% of the country’s total population, according to reports. The majority of these investors, categorized as “individual” investors, fall within the 30-40 age range, comprising nearly 60%.

Daily average crypto trading volume in South Korea also witnessed a substantial increase of…

The post Youthful Demography Fuels South Korea’s Crypto Boom appeared first on Coin Edition.