The report, carried out by the Hana Monetary Analysis Institute, a analysis agency specializing in monetary markets and financial tendencies, analyzes present investor tendencies and future intentions.

Of the individuals within the survey, 27% reported that they personal crypto, with the typical funding being round $10 million gained (simply shy of $7.4k), which accounts for 14% of their portfolios.

Adoption is Rising 

The median age for the individuals included on this overview is between 30 and 40. Males are usually extra lively within the investing area, however the findings point out that there was a gentle improve in females taking part within the crypto area since concerning the begin of 2024. 

The primary causes for investing are usually psychological (FOMO), however the authors do word a shift from that tendency from 57% to 34%, as in contrast with earlier surveys. 

Different information units embrace new traders within the area, development potential, and portfolio diversification. 

The overwhelming majority of traders are usually in Bitcoin (89%), however the report notes a shift to different cryptocurrencies, notably stablecoins, as buying and selling expertise rises. 

A typical problem for respondents seems to be associated to exchanges, as not many native banks work with them. If rules grow to be extra favorable, “7 out of 10 traders will select a residential financial institution, slightly than a brand new financial institution with preferential advantages”, which paints a really clear image of present dealer sentiment.  

The primary focus round choosing an change additionally appears to be centering on how straightforward it will likely be to connect with a financial institution, slightly than different concerns corresponding to buying and selling quantity, comfort, and person expertise.

Roughly 43% of the survey individuals indicated excessive intent to proceed investing in crypto belongings sooner or later, with an extra 28% exhibiting average such. About each 7 out of 10 present above-average curiosity. Issues about volatility stay excessive (56%), as do fears of bankrupt exchanges (61%) and the chance of fraud (61%). Crypto investments can be seen extra positively if extra conventional finance (TradFi) firms participated (42%) and extra authorized frameworks had been established (35%), additional information exhibits. 

Curiously sufficient, about 20% of South Korean officers additionally maintain crypto, in accordance with one other current survey coated by CryptoPotato earlier this 12 months.

Present Crypto Panorama in Korea

Together with elevated public curiosity, officers in Korea appear to be following go well with and adopting crypto extra broadly. 

Parataxis Holdings (an American funding agency) lately introduced a controlling 25 billion gained ($18.3M) stake in a South Korean biotech firm, with plans to be the primary firm within the nation to create a Bitcoin Strategic Reserve. 

Moreover, the Deputy Chief of the Financial institution of Korea (BOK) famous that it could be “fascinating for them to start out a gradual introduction to stablecoins”. 

Furthermore, South Korea seems to be the best-performing market in Asia presently. The benchmark Kospi Composite Index is up virtually 30% this 12 months, to a close to four-year excessive, with some particular person shares seeing jumps of 70%-80%.

This has all possible been a cascade of occasions following the current election of the crypto-friendly President, Lee Jae-myung.

The nation has quietly grow to be probably the most flourishing crypto markets, with a big a part of the inhabitants, as famous, investing in digital belongings. The nation has seen some 57 trillion gained ($42 billion) in stablecoin trades for this 12 months alone, solely pushing BOK to maneuver ahead with their earlier plans for a won-backed stablecoin.