So, it turns out nearly one-third of South Korea has decided that Bitcoin (BTC) is the new kimchi. Who knew? 🥢
According to the ever-reliable Yonhap (because who doesn’t trust a news agency based in Seoul?), a whopping 16.29 million people have opened accounts on the top five crypto exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax. I mean, that’s like half the country saying, “Why not throw my money into the digital abyss?”
And just to keep things tidy, they only counted South Koreans with accounts at multiple exchanges once. Because, you know, we wouldn’t want to inflate those numbers like a balloon at a kid’s birthday party. 🎈
Last March, there were only 14 million crypto investors. But then, in November, over 500,000 new investors jumped on the crypto bandwagon. Coincidentally, that was also when Donald Trump decided to sprinkle some crypto fairy dust on his campaign. Talk about a plot twist! 🦄
Industry insiders are now predicting that South Korea will soon hit the magical number of 20 million crypto investors. Because why not? It’s not like we have a saturated market or anything. 🙄
One official even said, “Some believe the crypto market has reached a saturation point, but there is still an endless possibility for growth compared with the matured stock market.” So, basically, they’re saying, “Hold my beer, we’re just getting started!” 🍻
Meanwhile, banks in South Korea are scrambling to partner with crypto firms like it’s a Black Friday sale. Why? Because the digital asset regulations are finally loosening up. It’s like watching a toddler learn to walk—adorable and slightly terrifying.
Oh, and here’s the kicker: In February, the Financial Services Commission announced a pilot program for 3,500 corporate entities to buy crypto for investment and financial purposes. This is a big deal since corporate crypto transactions have been banned since 2017. So, it’s like they’ve finally decided to let the adults play with the toys. 🎉
Read More
- Lucky Offense Tier List & Reroll Guide
- Best Crosshair Codes for Fragpunk
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- League of Legends: The Spirit Blossom 2025 Splash Arts Unearthed and Unplugged!
- ‘Severance’ Renewed for Season 3 at Apple TV+
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- How To Find And Solve Every Overflowing Palette Puzzle In Avinoleum Of WuWa
- Russian Twitch Streamer Attacked in Tokyo as Japan Clamps Down on Influencer Behavior
- Skull and Bones Year 2 Showcase: Get Ready for Big Ships and Land Combat!
- Ultimate Half Sword Beginners Guide
2025-04-01 22:02