2024.02.07
Korea's Top Exchanges Hit 6 Million Accounts, Fueled by ETF Hopes and Investor Confidence
The four largest cryptocurrency exchanges in Korea have over 6 million bank-verified accounts, with a notable increase of more than 1 million new accounts despite a decline in active accounts last year. This surge is linked to anticipation of US approval for a bitcoin spot ETF. Improved investor sentiment is reflected in increased KRW deposits, reaching KRW 4.7948 trillion. Bithumb saw significant growth in deposits following ETF speculation. However, the number of active accounts decreased. Some exchanges experienced increased trading due to zero-fee policies.
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