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S.Korea's crypto market doubles to $77.5 bn as 20% of population trades

Korea Economic Daily LogoKorea Economic Daily10h ago

S.Korea's crypto market doubles to $77.5 bn as 20% of population trades - Korea Economic Daily

Quick Summary:

There are two types of crypto markets in Korea – the Korean won-based market, where investors with proper bank accounts registered with the country’s big five crypto exchanges are allowed to trade digital currencies with fiat money, and the coin-to-coin market, where users trade digital coins directly without fiat.

According to data released by the Financial Intelligence Unit (FIU) under the Financial Services Commission on Tuesday, the country’s cryptocurrency market nearly doubled from 56.5 trillion won in June 2024 amid optimism over a crypto-friendly US policy shift under President Donald Trump.

South Korea’s cryptocurrency market surged to nearly 108 trillion won ($77.5 billion) in the second half of last year, fueled by growing retail interest, with 20% of the country’s population now trading digital assets.

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S.Korea's crypto market doubles to $77.5 bn as 20% of population trades - Korea Economic Daily (Picture 1)S.Korea's crypto market doubles to $77.5 bn as 20% of population trades - Korea Economic Daily (Picture 2)

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 17:21:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 28868428

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 8 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 6 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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The story "S.Korea's crypto market doubles to $77.5 bn as 20% of population trades" was covered 10 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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  • URL: https://citrocola.beamstart.com/news/skoreas-crypto-market-doubles-to-17477294685392

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