The daily trading volume of cryptocurrency in South Korea in November remained the same as the stock market, with a total of over 15 million investors
Dec 24, 2024 23:19
According to Naver, data from South Korean banks shows that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610000 from October. This figure accounts for over 30% of the country's total population, reflecting increased market activity following President elect Trump's promise to support the cryptocurrency industry. The rise in Bitcoin prices has also contributed to the growth of this trend.
As of the end of November, the total holdings of cryptocurrency by South Korean investors amounted to 102.6 trillion Korean won (approximately 70.8 billion US dollars), compared to 58 trillion Korean won (approximately 40 billion US dollars) in October. The average daily trading volume in November reached 14.9 trillion Korean won (approximately 10.288 billion US dollars), which is equivalent to the total daily trading volume of the South Korean Composite Stock Index (KOSPI) market and the South Korean ChiNext Index (KOSDAQ) market in the same month.
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