Over 30% of Population Joins Top Exchanges
As of the end of November, more than 15.59 million South Koreans held accounts at the country’s top five cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX). This significant growth coincides with increased market activity triggered by U.S. President-elect Donald Trump’s pro-crypto policy statements. A report released by the Bank of Korea under the Virtual Asset User Protection Act shows that more than 30% of the country’s population is currently involved in cryptocurrency transactions. Bitcoin prices reflected this enthusiasm, climbing from 105 million won at the end of October to 135.8 million won in November. The surge highlights South Korea’s growing role in the global cryptocurrency market.
