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By the end of November, over 15.59 million South Koreans held accounts on the nation’s top five crypto exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX. This remarkable growth aligns with increased market activity sparked by U.S. President-elect Donald Trump’s pro-crypto policy statements. A report by the Bank of Korea, created under the Virtual Asset User Protection Act, reveals that over 30% of the country’s population is now involved in crypto trading. Bitcoin prices mirrored this enthusiasm, climbing from 105 million won in late October to 135.8 million won by November. The surge highlights South Korea’s growing role in the global crypto market.
