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According to current official data cited by Yonhap News Agency, there are 16.29 million bitcoin investors in South Korea. This number illustrates the quick growth of the use of digital assets and accounts for a sizeable percentage of the 52 million people living in the nation.
To guarantee accuracy, accounts were only tallied once per user across the top five exchanges in the nation: Upbit, Bithumb, Coinone, Korbit, and Gopax. According to the most recent figures, there were 14 million cryptocurrency investors in March 2024.
Notably, in November 2024—the month Donald Trump won the U.S. presidential election—more than 500,000 new investors joined the market. It’s possible that his move toward pro-crypto measures affected market sentiment.
Industry experts believe South Korea could soon reach 20 million crypto investors. One official stated, “Some believe the crypto market has reached a saturation point, but there is still an endless possibility for growth compared with the matured stock market.”
As regulations ease, financial institutions are also showing greater interest in crypto. South Korean banks are actively forming partnerships with digital asset firms, aiming to capitalize on the industry’s expansion.
In February 2025, the Financial Services Commission (FSC) announced a pilot program allowing 3,500 corporate entities to invest in crypto for financial purposes. This marks a major shift, as corporate crypto transactions have been banned in South Korea since 2017.
With increasing investor participation and regulatory changes, South Korea’s crypto market continues to evolve, reinforcing its position as a major player in the global digital asset space.