South Korea’s Crypto Exchange Users Exceed 16 Million

Reading Time: < 1 minute

South Korea’s crypto market has reached a significant milestone. As of the end of February 2025, 16.29 million users are registered on the country’s virtual asset exchanges, representing about 32% of the population, according to SBS.

This underscores the growing popularity of cryptocurrencies.

In contrast, the number of traditional stock market investors is 14.1 million, highlighting the increasing influence of digital assets in South Korea’s financial landscape.

The data includes users from South Korea’s top five cryptocurrency exchanges, such as Upbit, Bithumb, Coinone, Korbit, and GOPAX. These figures reflect duplicated accounts, as many users hold multiple accounts across different platforms to optimize trading opportunities and benefits.