One in 4 South Koreans personal crypto, a brand new survey has discovered, with most saying they commerce cash within the hope of incomes short-term income.
Per Hanguk Kyungjae, the findings got here from Hashed Open Analysis, a assume tank affiliate of the blockchain accelerator Hashed.
One in 4 South Koreans Personal Crypto – And Extra Are Rising Crypto-keen
The corporate surveyed 2,000 South Koreans aged 20 to 69, with 25% of respondents (507 individuals) saying that they “are presently investing in crypto.”
Over half of respondents (54%) aged 30-39 stated they’ve beforehand held or presently maintain crypto.
Forty-three p.c of individuals of their 40s stated they’ve traded or presently commerce cash.
The share of crypto merchants and buyers was smaller in different age teams. Within the 20-29 demographic, 38.8% stated that they had purchased or bought Bitcoin (BTC) or altcoins.
Just below a 3rd of individuals of their 50s stated they traded crypto, whereas solely 19% of respondents aged 60 and above have ever held tokens.
Of the 507 individuals who stated they’ve had expertise with crypto, just below 1 / 4 stated that they use “overseas-based” crypto exchanges or decentralized exchanges.
And over half of this quantity stated they hold “greater than 20% of their crypto” on DEXes or non-domestic platforms.
Even individuals who have by no means traded crypto expressed a rising keenness to begin investing. Over 11% of this group stated they “supposed to put money into crypto sooner or later.”
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— Bloomberg (@enterprise) February 12, 2025
How A lot Crypto Do South Korean Buyers Maintain?
The survey discovered that many South Koreans have invested a lot of their financial savings in crypto, with 3.6% of respondents claiming that they presently maintain over 100 million gained ($68,870) value of cash.
However 1 / 4 of respondents have extra modest holdings, holding cash within the $689-$3,443 worth vary.
Simply over half of the crypto buyers stated their foremost cause for getting tokens was that “they may anticipate excessive returns in comparison with different property within the brief time period.”
Nevertheless, nearly 1 / 4 stated crypto’s comfort – and the truth that tokens might be traded 24 hours a day – had drawn them to the market.
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— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) February 12, 2025
Moreover, 57% of the respondents with crypto holdings stated they invested a part of their salaries of their crypto purchases.
A researcher who labored on the examine stated that crypto funding is “turning into standard, with an increasing funding base.” The researcher concluded:
“This appears to be an irreversible pattern of the present instances.”
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