The total number of users of the five major crypto exchanges in South Korea reached 16.29 million, accounting for 32% of the total population

PANews reported on March 30 that according to Korean media SBS, as of the end of February this year, the total number of users of South Korea's virtual asset exchanges has exceeded 16 million, reaching 16.29 million, accounting for about 32% of the total population of the country (about 51.68 million). Taking last year's U.S. presidential election as a turning point, the number of new investors has steadily increased by hundreds of thousands per month, and has now exceeded the number of stock investors (about 14.1 million). This data is the total number of account holders of the five major Korean exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax. If the same person opens an account on multiple exchanges, it will be counted repeatedly.

As the number of investors continues to increase at a rate of hundreds of thousands, some market participants predict that the number of investors will soon reach 20 million. As of the end of February this year, Upbit, the largest exchange in South Korea, had an account number of 9.82 million investors. By the end of March, this figure is expected to be close to 10 million. After Upbit, the largest number of users are Coinone (3.2 million), Bithumb (2.36 million), Korbit (770,000) and Gopax (150,000). In the past year, Bithumb users have increased from 1.33 million to 2.36 million, an increase of 77.4%, far exceeding Gopax (52.4%), Korbit (10.9%), Upbit (14.2%), Coinone (8.6%), etc.