South Korea’s average daily cryptocurrency trading volume in November was the same as the stock market, and the total number of investors exceeded 15 million

PANews reported on December 25 that according to Naver, Bank of Korea data showed that as of the end of November, the number of cryptocurrency investors in South Korea reached 15.59 million, an increase of 610,000 from October. This number represents more than 30% of the country’s total population and reflects increased market activity after U.S. President-elect Trump pledged support for the cryptocurrency industry. The rising price of Bitcoin has also contributed to the growth of this trend.

As of the end of November, South Korean investors’ total cryptocurrency holdings totaled 102.6 trillion won (approximately $70.8 billion), compared with 58 trillion won (approximately $40 billion) in October. The average daily trading volume in November reached 14.9 trillion won (approximately US$10.288 billion), which is equivalent to the combined average daily trading volume of the Korea Composite Stock Price Index (KOSPI) market and the Korea Growth Enterprise Market Index (KOSDAQ) market in the same month.