Over 10,000 South Korean Crypto Investors Hold $750K+ in Digital Assets, Youth Lead by Holdings
South Korea's cryptocurrency market is witnessing a surge in high-net-worth individuals, with more than 10,000 investors now holding digital assets exceeding 1 billion won ($750,000). Data from the Financial Supervisory Service reveals that these crypto millionaires maintain average balances of 2.23 billion won—217 times the overall user average of 10.27 million won.
Despite being the smallest demographic group, investors in their 20s lead with the highest average holdings at 2.69 billion won per person. Meanwhile, those in their 50s dominate by sheer numbers, accounting for 3,994 individuals. cryptocurrency trading has become a mainstream activity in Korea, with one in five citizens actively participating across major exchanges like Upbit, Bithumb, and Coinone.
The total crypto trading population has reached 10.86 million active accounts, representing 20% of the nation's population. Collective holdings now stand at 111.6 trillion won, underscoring the growing institutionalization of digital assets in Korea's financial landscape.