Catenaa Tuesday, February 18, 2025- A new survey reveals that 25% of South Koreans now own cryptocurrency, with many investors seeking short-term profits.
The survey, conducted by Hashed Open Research, surveyed 2,000 individuals aged 20 to 69. Of those, 507 people (25%) reported they are currently investing in crypto. The survey also found that interest in digital assets is spreading, particularly among those aged 30 to 39, with 54% of this group saying they have traded or hold crypto.
Among younger generations, 38.8% of individuals aged 20-29 said they had bought or sold cryptocurrencies like Bitcoin (BTC) or altcoins. The numbers were lower in older groups, with 32% of people in their 50s and only 19% of those over 60 reporting involvement in crypto.
The survey also highlighted a growing interest in decentralized exchanges (DEXs) and overseas platforms. Just under a quarter of respondents said they used foreign-based exchanges, with more than half of them holding over 20% of their crypto assets on DEXs.
While most South Korean crypto investors are attracted by the potential for high returns in the short term, some said the ability to trade 24/7 was a major factor in their decision. Additionally, 57% of crypto holders reported investing part of their salaries into cryptocurrencies.
