TechFlow reported on October 31, according to the Korea Daily, that a recent report from South Korea's Financial Services Commission revealed there were 7.78 million cryptocurrency investors in the country during the first half of 2024, a 21% increase compared to the second half of 2023. The average daily trading volume rose by 67%, increasing from 3.6 trillion won to 6 trillion won over the same period.
The report also indicated that the total market capitalization of cryptocurrencies in South Korea grew by 27% to reach 55.3 trillion won, while profits at 21 local crypto exchanges surged 106% year-on-year to 590 billion won. Notably, the primary investor demographic consists of men aged 30 to 40, accounting for 68% of all investors, with 67% of investors holding positions valued below 500,000 won.
