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The number of cryptocurrency investors in South Korea broke through 15 million for the first time, and the average daily trading volume of crypto exchanges in November approached the stock market

On December 25th, according to Yonhap News Agency, the Bank of Korea data released by the Finance Committee of the South Korean Parliament shows that as of the end of November 2024, the number of cryptocurrency investors in South Korea exceeded 15 million for the first time, reaching 15.59 million, an increase of 610,000 from October. The total market value of investors' holdings reached 102.60 trillion won (about 79 billion US dollars), and each person held about 6.58 million won (about 5070 US dollars). According to the data, the average daily trading volume of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, and Gopax) reached 14.90 trillion won (about $11.50 billion) in November, which is comparable to the average daily trading volume of the two major stock markets of South Korea, KOSPI and KOS0021 (16.90 trillion won). Market analysts believe that Trump's support for the cryptocurrency industry has driven Korean investors to enter the market.