TechFlow reports, on October 31, according to @_parkandy, a staff member at Despread, data from South Korea's Financial Services Commission shows that among the country’s 7.78 million cryptocurrency investors, as many as 5.67 million users (approximately 72%) have invested less than 1 million Korean won (about USD 724), with those aged around 30 forming the main trading demographic. Notably, although 15.5% of South Korea’s population has opened cryptocurrency accounts, after excluding small-scale investors, actual active investors account for only 4.2% of the total population.
In addition, the total funds held on exchanges amount to 5 trillion Korean won (approximately USD 3.6 billion), representing only a 2.9% increase from the 4.9 trillion won in the second half of 2023, indicating that the approval of Bitcoin spot ETFs has not yet brought significant new capital inflows.
Previous report, the South Korean Financial Services Commission released its first-half 2024 cryptocurrency industry report, showing a 21% increase in the number of cryptocurrency investors and a 67% rise in average daily trading volume during the same period.
