ilmscore | How South Korea’s Crypto Market Skyrockets in 2025

How South Korea’s Crypto Market Skyrockets in 2025

Published: 2024-12-26
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
In 2023 on Upbit, XRP/KRW had higher trading volume than BTC/KRW for 70 days, compared to BTC's 64 days over a 10-month period.
"the most traded fiat to crypto pair on upbit in 2023 was not BTC KRW but xrp KRW over a 10-month period xrp had the highest trading volume for 70 days whereas BTC had the highest trading volume for 64 days"
XRP
Pending
Litecoin was delisted from major South Korean exchanges in 2022 following a privacy-enhancing upgrade.
"even Litecoin got delisted from major Korean exchanges in 2022 after a privacy enhancing upgrade was rolled out"
LTC
Pending
South Korea's spot crypto trading volume for the first half of 2024 was $817 billion, on track to exceed the $970 billion estimate for the full year.
"spot crypto trading volume in the country reached $817 billion in the first half of 2024 up 67% from the previous 6 months this puts nor Korea on track to obliterate a previous estimate of $970 billion in trading volume for the whole year"
South Korea Crypto Trading Volume
Pending
The number of crypto investors in South Korea increased by 21% to 7.78 million in the first half of 2024.
"in the first half of 2024 the number of crypto investors Rose 21% to 7,780,000 up from 6,450,000 in the previous 6 months"
South Korea Crypto Investors
Pending
Approximately 18% of South Korea's adult population is engaged in buying crypto.
"this means that about 18% of the adult population is buying crypto"
South Korea Adult Crypto Ownership
Pending
Over 67% of South Korean crypto investors hold less than $360 worth of crypto.
"more than 67% of crypto investors in South Korea own less than $360 worth of crypto"
South Korea Crypto Holdings Distribution
Pending
Only 10% of South Korean crypto investors own a portfolio exceeding $7,250.
"just 10% have a crypto portfolio worth more than $7,250"
South Korea Crypto Holdings Distribution
Pending
South Korea has a significantly low DeFi adoption rate, impacting its global crypto adoption ranking.
"South Korea's overall rank is dragged down a long way by its low score for defi adoption"
DeFi Adoption in South Korea
Pending
Korean centralized exchanges generated $4.2 billion in profit in the first half of 2024, a 106% year-on-year increase.
"Korean centralized exchanges made 5.9 trillion one or $4.2 billion in profit in the first 6 months of 2024 a year-on-year increase of 106%"
South Korean Exchanges Profitability
Pending
Over 70% of KBank's $11.5 billion in deposits, equating to more than $8 billion, is crypto-related.
"more than 70% of the deposits in kbank are related to crypto since kbank has about 11.5 billion in deposits this means that more than $8 billion is Crypt related"
KBank Crypto Exposure
Pending