Catenaa, Thursday, August 28, 2025- More than 10,000 South Koreans now hold cryptocurrency assets worth over 1 billion won ($750,000) on domestic exchanges,a report said,
It said that young investors in their 20s are leading with average holdings despite being the smallest demographic group.
Data from the Financial Supervisory Service submitted to lawmakers shows that 10,810 users across Korea’s top five exchanges, Upbit, Bithumb, Coinone, Korbit and GOPAX, surpassed the millionaire threshold as of August 5.
Collectively, these users maintain average balances of 2.23 billion won, compared to the overall user average of 10.27 million won.
While investors in their 50s dominate by numbers, with nearly 4,000 participants, those in their 20s average 2.69 billion won each, topping all other groups despite totaling just 137 individuals.
South Korea’s crypto market now includes 10.86 million active accounts, about 20% of the nation’s population, holding assets valued at 111.6 trillion won.
Upbit controls the majority of high-value accounts, capturing 76% of millionaire investors.
President Lee Jae-myung’s administration has fast-tracked reforms, designating digital assets as a “key national task.”
Despite uncertainty, younger investors increasingly favor crypto over US tech stocks. Surveys show 27% of South Koreans currently hold cryptocurrencies, while more than half of those aged 20–59 have trading experience.
Taxation on digital assets remains suspended until 2027, offering a temporary reprieve before likely enforcement.
