South Korea's crypto market saw significant growth in 2023, with user numbers reaching 6.45 million, a 6% rise since June, according to KOFIU. The report also indicates a surge in daily trading volume and total crypto holdings.
The Korea Financial Intelligence Unit (KOFIU) reports that South Korea's crypto user base grew by 390,000 in 2023, totaling 6.45 million. This marks a 6% increase since June 2023, highlighting the nation's growing interest in cryptocurrencies. KOFIU's report reveals diverse investment profiles, with 80,500 users holding accounts over 100 million won and about 2,500 with investments exceeding 1 billion won.
The report also indicates that 65% of investors have less than 500,000 won in their accounts, showcasing a broad range of investment sizes and risk appetites among South Korean crypto users. Moreover, the average daily trading volume in South Korea reached 3.6 trillion won, a 24% rise from the year's first half. The total value of crypto assets held by registered exchanges surged 53% to 43.6 trillion won.
