According to a report, South Korea’s Cryptocurrency market has experienced good growth in 2024; it mainly includes investor participation and market capitalization. According to a report, 21% of the number of crypto investors increased in South Korea in the first half of the year, and after the calculation, there are approximately 7.78 million individuals. This report is given by the Financial Intelligence Unit (FIU) of the Financial Services Commission.
According to a report, there is an increase in investors numbers that aligns with the increase in daily trading volumes, which increased by 67% to reach 6 trillion won (approx $4.3 billion). According to the report, in the same period, there was around a 27% market increase in the capitalization of virtual assets, around a total amount of 55.3 trillion won (around $40 billion) during the same interval of period.
According to a report, it predicts that there are 68% of male investors in the South Korean crypto market of the total investor base. People who are in their 30s are called particularly active, with around 1.58 million participants and include people who are in their 40s and younger age groups. While the female investors in South Korean crypto are fewer in number, they are continuously contributing to the market’s growth.
If we measure in terms of investment size, the majority of people who are investing in South Korean crypto to maintain their modest portfolios. According to the report’s there are 67% of hold digital are present and they are valued at less than 500,000 won ($362), where the people who are investing about 10% are exceeding 10 million won (over $7,000), and people who are investing only 1.3% are getting worth more than 100 million won ($72,000), and people who are investing their individual parts of more than 1 billion won ($724,000) and their investment based on just 0.03%.
According to South Korean investors, Bitcoin is the most powerful and popular Cryptocurrency, and it owns a holdings of 37.2%. Ethereum owns 11.1% and Ripple’s XRP owns 10.6%. According to the reports, there is an increase in Bitcoin’s value, around $73,000, which has increased the investor’s interest and the market activity.
According to the reports, the Cryptocurrency market is increasing fast, and the trading amount for investors has also increased as compared to traditional stock markets. According to the reports, the domestic Cryptocurrency reached around 14.9 trillion won ($10.2 billion) due to the normal daily transactions in November 2024, and it matched the collabs transaction volumes of the secondary Kosdaq and the benchmark KOSPI.
According to the reports, this growth is considered the strict rules for maintaining market stability and keeping the people or investors safe. According to the reports, there are unpredictable changes in the market, with the maximum Drawdown (MDD) reaching 70%, which increased by 62% in the second half of last year, and this is noticed by the Financial Intelligence Unit (FIU).
If the South Korean authorities implement strict rules & regulations to protect transparency for the people who are investing and give a sudden growth in the market then there is a high possibility of facing the hard determining to balance between fostering innovation and also maintaining the stability of the South Korea’s dynamic crypto sector in the upcoming months.
