South Korea’s Crypto Investors Surge Past 9.6M in 2024

• Crypto investors in South Korea rose over 50% to 9.66M.
• One in four investors is aged 50 or older.
• High-net-worth investors mostly belong to the 50+ age group.

The cryptocurrency landscape in South Korea is undergoing a remarkable transformation. In 2024, the number of South Korea cryptocurrency investors surged by more than 50%, reaching an impressive 9.66 million people. This means nearly one in five South Koreans is now involved in crypto trading or investment, marking a significant shift in financial behavior across age groups.

Interestingly, a growing portion of these investors are from older age brackets. Data shows that one in every four cryptocurrency investors is aged 50 or older, highlighting the increasing appeal of digital assets to the older generation. This trend contradicts the typical perception of crypto being favored only by the younger tech-savvy crowd.

Wealthy Individuals Lead the Crypto Boom

What’s even more notable is the dominance of older investors in high-value crypto holdings. Among investors holding more than 1 billion KRW (approximately $750,000) in cryptocurrency, nearly 50% are aged 50 or above. This group of high-net-worth individuals is showing strong confidence in digital assets, likely drawn by the potential for substantial returns and portfolio diversification.

As of the end of 2024, South Korea’s total population stood at 51.21 million. With 9.66 million active crypto investors, it’s evident that South Korea cryptocurrency investors form a vital part of the nation’s financial ecosystem.

Future Outlook for South Korea’s Crypto Market

The rapid growth in investor numbers suggests that cryptocurrency adoption in South Korea is becoming mainstream. The involvement of older, wealthier individuals could lead to more stable and mature Market dynamics. As regulatory frameworks continue to evolve, and more institutional products become available, South Korea cryptocurrency investors are poised to play a leading role in the global crypto market .