South Korea Sees Significant Growth In Cryptocurrency Investments And Trading Volume

According to PANews, a report from the Financial Services Commission of South Korea reveals that the number of cryptocurrency investors in the country reached 7.78 million in the first half of 2024, marking a 21% increase from 6.45 million in the second half of 2023. During the same period, the average daily trading volume of cryptocurrencies surged by 67%, rising from 3.6 trillion KRW to 6 trillion KRW. Additionally, the total market value of cryptocurrencies in South Korea grew by 27%, reaching 55.3 trillion KRW. The profits of 21 local cryptocurrency exchanges also saw a significant rise of 106%, amounting to 590 billion KRW.