PANews reported on December 25 that according to Naver, data from the Bank of Korea showed that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This figure accounts for more than 30% of the country's total population, reflecting the increase in market activity after US President-elect Trump pledged to support the cryptocurrency industry. The rise in Bitcoin prices has also contributed to the growth of this trend.
As of the end of November, the total cryptocurrency holdings of Korean investors totaled 102.6 trillion won (about 70.8 billion U.S. dollars), compared with 58 trillion won (about 40 billion U.S. dollars) in October. The average daily trading volume in November reached 14.9 trillion won (about 10.288 billion U.S. dollars), which is equivalent to the total daily trading volume of the Korea Composite Stock Price Index (KOSPI) market and the Korea Stock Market Index (KOSDAQ) market in the same month.
