Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios.
Crypto investors saw a significant increase in South Korea, along with the profitability of the country’s digital asset exchanges.
South Korean cryptocurrency investors stood at 7.78 million during the first half of 2024, an over 21% increase from the second half of 2023 when the country saw 645 million digital asset investors.
The growing number of investors has pushed the cumulative operating profits of the top 21 local centralized exchanges (CEXs) to over 5,900 billion won, or $4.2 billion, marking a year-over-year (YoY) increase of above 106%, according to results from the country’s Financial Services Commission shared in local media reports.
