- 25% of Koreans in their 20s to 50s own crypto.
- 70% plan to increase investments.
- Korean won ranked second for crypto transactions.
South Korean adults, aged 20 to 50, now see over 25% holding cryptocurrencies, according to a Hana Financial Group study.
The report signals a major shift in South Korea’s crypto market, highlighting rising retail and institutional interest, expecting further growth in participation.
Hana Financial Group’s research highlights that over 25% of Koreans in their 20s to 50s now own cryptocurrencies. The report also shows a growing trend in long-term investment, with 70% planning to expand their crypto holdings.
The study involves major Korean exchanges Upbit and Bithumb, both facilitating significant market growth. The increasing number of routine investors underlines changing investment profiles and market maturity.
The effects on the South Korean market are significant, driving up the trading volume and establishing the Korean won as the world’s second most-used fiat currency for crypto transactions. This growth is supported by new retail and institutional inflows. As Yoo Jaegeon, an industry expert, notes, “South Korea is at the forefront of the crypto revolution, with a surge in both technology adoption and regulatory frameworks fostering innovation.”
Financial implications include a projected surge in trading volume, with fresh interest from traditional institutions likely to deepen asset exposure. The regulatory outlook supports adoption through new legislative frameworks encouraging market confidence.
Experts anticipate financial outcomes include increased trading volumes and mainstream adoption, driven by regulatory clarity. Historical trends suggest ongoing prominence of local exchanges in influencing global liquidity and price points.
