May 26, 2022

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Born to play

Over half of S.Korea crypto traders are in their 30s and 40s

South Korea’s economical regulator discovered Tuesday that 58% of the country’s 5.58 million cryptocurrency traders are in their 30s and 40s.

See connected report: S.Korea crypto industry growing but demands marketing, not just regulation: BCG

Quick specifics

  • South Korea’s Economical Intelligence Device unveiled its very first report on the area US$45.8 billion crypto industry.
  • South Korea has an average day-to-day trading quantity of US$9.3 billion.
  • In accordance to the report, 31% of nearby crypto buyers are in their 30s, while all those in their 40s occupy 27%, followed by investors in their 20s with 23%.
  • Bitcoin and Ethereum get up just 27% of the KRW-to-crypto sector, in contrast to 59% of the world-wide sector ordinary. 
  • The two major presidential candidates, who incorporated favorable crypto policies in their marketing campaign to captivate more youthful voters, might uncover their strategy qualified a broader inhabitants than in the beginning predicted. 
  • South Korean elections will be held on March 9, 2022.

See connected posting: Crypto investors are becoming wooed in South Korea’s restricted presidential election