South Korea is witnessing a surge in cryptocurrency interest, as revealed by data shared by lawmaker Lim Kwang-hyun.
Factors Driving South Korea's Crypto Investment
According to the data, the number of cryptocurrency accounts on the country's five leading exchanges reached 15.59 million, indicating that over 30% of the South Korean population are actively investing in cryptocurrencies.
Government Response to Crypto Growth
Total cryptocurrency assets have reached 102.6 trillion won, with average daily trading volumes of 14.9 trillion won. Lim Kwang-hyun pointed out the need for government intervention to stabilize the market and protect user rights as transaction volumes rise.
Market Stability and Protection
With an increasing number of investors, it is crucial to adapt strategies for both individual and institutional participants to maintain stability in the rapidly evolving world of decentralized finance.
The rapid development of the crypto market in South Korea calls for new strategies and approaches from both investors and regulators.
