Nearly One-Third of South Koreans Invest in Bitcoin and Digital Assets

South Korean Crypto Investment Trends

Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets, according to recent data released by the South Korean government. As of late February of this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit, and Gopax, the country’s top five domestic crypto exchanges.

Growth in Crypto Investments

In March 2024, there were 14 million crypto investors in South Korea. Additionally, more than 500,000 new investors in the country purchased crypto in November, coinciding with the US presidential election where Donald Trump emerged as the winner. Trump’s crypto-supportive stances leading up to the election may have influenced this surge in crypto investments.

Industry officials predict that South Korea will soon be home to 20 million crypto investors, indicating a significant growth potential in the market.

Shift in Regulatory Environment

South Korean banks have been eager to partner with crypto firms as the country’s digital asset regulations become less restrictive. In February, the Financial Services Commission of South Korea announced plans to launch a pilot program in the second half of 2025, allowing 3,500 corporate entities to buy crypto for investment and financial purposes. Corporate crypto transactions have been banned in the country since 2017.

Future Outlook

Despite some believing that the crypto market has reached a saturation point, industry experts believe there is still significant room for growth compared to more mature markets like the stock market. The evolving regulatory landscape and increasing interest from both individual and corporate investors indicate a positive outlook for the crypto market in South Korea.

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