Key demographics of South Korean cryptocurrency investors
• Total number of cryptocurrency investors: 15 million
• The proportion of investors aged 50 and over is increasing
• Half of high-net-worth investors (holding more than 1 billion KRW; approximately $700,000) are 50 years old or older
• Average holdings of high-net-worth investors aged 50 and over: 2.15 billion KRW; approximately $1.6 million)
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Detailed analysis:
1) Rapid increase in domestic cryptocurrency investors:
As of the end of 2024, the total number of investors in South Korea's five major exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) reached 9,667,023, a 52.6% increase from the previous year.
2) Increasing proportion of older investors:
Among all investors:
• The number of people in their 50s is 1.75 million, a year-on-year increase of 56.4%.
• 636,700 people aged 60 and over, an increase of 52.6%
This marks a significant increase in participation among the older population.
3) Half of high-net-worth investors are 50 years old or older:
Among the 9,135 investors holding more than 1 billion KRW in crypto assets:
• 3,215 people (35.2%) are in their 50s
• 1,817 people (19.9%) are 60 years of age or older
Collectively, people in these age groups account for over 50% of high-net-worth cryptocurrency investors.
4) Average holdings of wealthy older investors:
For investors over 50 holding more than 1 billion KRW, the average individual holding is approximately 2.15 billion KRW.
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