• Crypto & Funx
• 02 Jun, 2024

South Korean crypto number of investors increased by 21%.

Male investors recorded the highest number, with 68% making up the highest number of the nation's investors.

FIU warns investors to be cautious of the price volatility in crypto.

Virtual Asset Business Survey carried out a test to determine how many people are investing in crypto in South Korea. The Financial Intelligence Unit announced this. They reported that South Korean crypto investors have increased to 7.8 million. This is a 21% increase from the record set in the second half of 2023.

The increase in crypto investors has also spiked the average trading volume and market capitalization. They have increased by 67% to $4.4 billion and 27% to $40 billion, respectively. The profit of 21 domestic virtual asset services has also more than doubled.

Demographics and Trends in South Korea’s Crypto Market

The survey also revealed Korean citizens’ attitudes towards crypto. Male investors alone made up 68% of the nation’s crypto investors. Men in their 40s and 20s also represent large segments, with 1.5 million and 1.08 million investors, respectively. Men within the 50-year bracket are 850,000. The Korea Times :

“The proportion of men in their 30s was the highest. The number of male investors in their 30s was 1.58 million, followed by men in their 40s (1.5 million), men in their 20s and younger (1.08 million), and men in their 50s (850,000). By gender, male investors accounted for 5.29 million, or 68% of the total.”

“The proportion of men in their 30s was the highest. The number of male investors in their 30s was 1.58 million, followed by men in their 40s (1.5 million), men in their 20s and younger (1.08 million), and men in their 50s (850,000). By gender, male investors accounted for 5.29 million, or 68% of the total.”

tes have also helped the price of cryptocurrencies. FIU added that the volatility in crypto prices has also increased compared to the second half of 2023. Hence, citizens should apply caution when investing in these digital assets. They said:

“The inflow of funds into the US Bitcoin spot exchange-traded fund ( ETF ) and the US presidential candidates’ announcements of virtual asset support policies have promoted the rise in virtual asset prices…Virtual asset price volatility has increased compared to the second half of 2023, so careful investment decisions are necessary.”

“The inflow of funds into the US Bitcoin spot exchange-traded fund ( ETF ) and the US presidential candidates’ announcements of virtual asset support policies have promoted the rise in virtual asset prices…Virtual asset price volatility has increased compared to the second half of 2023, so careful investment decisions are necessary.”

The Asian country, however, plans to tighten regulation that guides trading cryptocurrencies. The South Korean authority is that would ensure companies that engage in cross-border crypto trading to register with the authority and give r