Cryptocurrency

Bitcoin

Time

South Korea's Financial Services Commission (FSC) has published a survey that reveals a significant increase in the number of cryptocurrency users in the country. The survey shows that the number of cryptocurrency users has reached 6.45 million, accounting for 12.9% of South Korea's total population. It is noteworthy that 4.55 million of these users are small investors with cryptocurrencies worth less than $ 734.
The Korean Financial Intelligence Unit, under Gwang Park, conducted a survey of 29 reported businesses in the second half of 2023. The aim was to understand the current state of the local virtual asset market.
As the market price of virtual assets rose, there was a noticeable increase in average daily transaction size (24%), market capitalization (53%) and deposits won (21%) compared to the first half of 2023 in South Korea. Additionally, the number of users making transactions increased by 6%.
Related News: <a href="https://en.bitcoinsistemi.com/good-news-from-the-us-to-bitcoin-and-cryptocurrencies-this-time/" target="_blank" rel="noopener noreferrer nofollow">Good News from the US to Bitcoin and Cryptocurrencies This Time</a>
The survey also highlighted that the number of new altcoin listings in the Korean won market increased significantly by 70%. However, with a significant increase in the number of transaction suspensions in the coin market (42%), the total number of coins decreased slightly by 3.5%.
The survey warned that despite growth, volatility in virtual asset prices remained high at 62% and called on investors to make careful investment decisions. Additionally, the number of virtual asset operators announcing the closure of their businesses continues to rise to four, urging users to be extra careful.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/south-korean-government-publishes-cryptocurrency-report-there-is-a-crazy-trend-among-koreans/" rel="noopener noreferrer nofollow">South Korean Government Publishes Cryptocurrency Report: “There is a Crazy Trend Among Koreans”</a>

South Korean Government Publishes Cryptocurrency Report: “There is a Crazy Trend Among Koreans”

Bitcoin Sistemi EN

Other articles published on May 17, 2024

Walmart Cancels Pre-Orders for Paper Mario: The Thousand-Year Door

SHIB Price: Whale Dumps 199B Shiba Inu To Coinbase, What’s Next?

Unlock 30,000x ROI! Top 5 Cryptocurrencies Poised to Skyrocket in 2024—Don’t Miss Your Chance to ...

Solana DeFi Platform Pump.fun Suffers $2M Exploit

Chainlink Surges 14% As It Completes Pilot to Accelerate Fund Tokenization

Laos Faces Power Crisis from Crypto Mining, Low Rainfall

Join our free newsletter for daily crypto updates!