This is about 45% of the country’s total economically active population. Every month the number of crypto investors increased by about 100,000 people, the central bank specified. According to him, at the end of the year, residents of the country owned digital assets worth about 102.6 trillion Korean won ($69 billion).
At the same time, the average South Korean crypto investor owns assets worth about 6.58 million Korean won ($4,400), and daily trading volumes on the five largest exchanges in the Republic of Korea (Upbit, Bithumb, Coinone, Korbit and Gopax) reached 15 trillion Korean won ($10) billion).
The Bank of Korea noted that trading volume on Korean virtual asset exchanges was almost equal to trading volume on the national stock market, KOSDAQ. The amount of deposits of South Korean crypto investors stored on crypto exchanges and ready for investment is estimated by the main financial regulator at 8.8 trillion won ($600 million).
Earlier, the South Korean authorities postponed the introduction of capital gains tax on investments in virtual assets for the third time and extended the moratorium for another two years.
Source: Bits
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