South Korea’s cryptocurrency investors exceeded 15 million for the first time, and its local CEX’s average daily trading volume in November was close to the stock market

On December 25, according to a report by Yonhap News Agency, data from the Bank of Korea released by the National Assembly's Finance Committee showed that the number of cryptocurrency investors in South Korea surpassed 15 million for the first time by the end of November 2024, reaching 15.59 million, an increase of 610,000 from October. The total value of investors' holdings reached 102.6 trillion Korean won (about $79 billion), with an average holding of around 6.58 million Korean won (about $5,070) per person. The data showed that the daily average trading volume of South Korea's five major CEXs (Upbit, Bithumb, Coinone, Korbit, Gopax) reached 14.9 trillion Korean won (about $115 billion) in November, comparable to the total daily average trading volume of the KOSPI and KOSDAQ, the two major stock markets in South Korea (16.9 trillion Korean won). Market analysts believe that former President Trump's support for the cryptocurrency industry has driven the enthusiasm of South Korean investors to enter the market.