The number of cryptocurrency investors in South Korea has exceeded 15 million for the first time, and the average daily trading volume of the five major local exchanges is close to 15 trillion won, comparable to the stock market

Odaily reported that after the US presidential election, the number of cryptocurrency investors in South Korea has seen an explosive growth, with over 30% of the population (around 51.23 million) investing in cryptocurrencies. This is the first time the Bank of Korea has released statistics related to cryptocurrencies. The data was collected from business operators under the Virtual Asset User Protection Act that took effect in July last year. According to the data submitted by the Bank of Korea to Democratic Party lawmaker Lim Kwang-hyun on the 25th, the number of cryptocurrency investors in South Korea reached 15.59 million as of the end of November, an increase of 610,000 from the end of October. This is the total number of investors with accounts at the five major domestic exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax), including those who have accounts at multiple exchanges. The number of domestic Bit investors increases by around 100,000 each month. As of the end of November, based on market valuation, the total amount of Bit held by domestic investors reached 102.6 trillion won, with the average holding per person surging to 6.58 million won. As of the end of November, the amount of funds held at exchanges without being invested in Bit was calculated to be 8.8 trillion won. Trading volume has also grown significantly. The daily average trading volume at domestic Bit exchanges in November reached 14.9 trillion won, equivalent to the combined total of the KOSPI (9.9214 trillion won) and KOSDAQ (6.9703 trillion won) markets that month. (Yonhap News)