Despite the growing number of investors, only 10% held more than $7,200 worth of digital assets in their crypto portfolios.
The number of crypto investors increased in South Korea, along with the profitability of the country’s digital asset exchanges.
South Korean crypto investors stood at 7.78 million in the first half of 2024, a 21% increase from the second half of 2023 when the country saw 6.45 million digital asset investors.
The expanding number of investors has pushed the cumulative operating profits of the top 21 local centralized exchanges (CEXs) to more than 5,900 billion won, or $4.2 billion, marking a year-on-year (YoY) increase of 106%, according to results from the country’s Financial Services Commission shared in local media reports.
