According to the “Factual Findings of Crypto Assets” published by the Korea Financial Intelligence Service for the first time, as of the end of last year, the market value of the South Korean crypto asset market was 55.2 trillion won.
The survey is the first of its kind in the Korean crypto asset market. Compared with the global market, the Korean market has a relatively small proportion of major crypto assets such as Bitcoin BTC 2.32% and Ethereum ETH 3.55%, and a relatively high proportion of investments in non-mainstream crypto assets. Bitcoin and Ethereum It accounts for 59% of the total market value of the global market, but the Korean won market is only 27% and 9% respectively.
The number of users using crypto asset exchanges in South Korea is 15.25 million, and the actual number of users participating in transactions is 5.58 million. Broken down by age, those in their 30s were the most numerous at 31%, followed by those in their 40s at 27%. This was followed by those in their 20s (23%), 50s (14%) and 60s (4%). The sex ratio is male (67%) and female (33%).
As of the end of last year, 56% (3.13 million) of users had crypto assets of less than 1 million won, and 820,000 users with more than 10 million won, accounting for 15% of the total. Trading participants participate in an average of 4 transactions per day, with an average daily transaction amount of approximately KRW 750,000. The Korea Financial Intelligence Service plans to accumulate data on the crypto-asset market in Korea through biannual fact-finding.
