Bank of Korea: Over 30% of South Koreans Hold Cryptocurrency

The Bank of Korea released a report based on the number of investors who have accounts on the five major Korean exchanges, including Upbit, Bithumb, Coin One, Cobit and Gopax, saying that as of November this year, the number of people holding cryptocurrencies on Korean exchanges exceeded 15.59 million, an increase of 610,000 from 14.98 million in October. Currently, the total population of South Korea is estimated to be around 51.23 million. This means that the number of people holding cryptocurrencies is equivalent to more than 30% of the total population. The report said that the number of cryptocurrency investors in South Korea has been rising, and it soared in November. This may be the result of highly optimistic market sentiment after US President-elect Trump won the election in early November. (Jinshi)