According to the Korean Fund for the Protection of Portfolio Investors, the average amount of investment in cryptocurrency of local retail investors is approximately $ 6,100. This is 64% more than last year. Investors' involvement in the cryptocurrency space was 7.4% versus 6.4% last year. These results were obtained on the basis of a survey of investors aged 25 to 64 years.
The most active crypto investors in South Korea belong to the group of 40 to 60 years. Compared with the previous year, the size of their positions has grown by about 2 times. The survey organizers link the recovery in the South Korean market with the expectations of citizens who expect to earn on the growth of cryptocurrency after a period of recession.
The Fund also stressed that the cryptocurrency market is characterized by weak regulation. Because of this, its investor protection function takes on special significance. Recently, the South Korean crypto-exchange Coinnest reported on its closure, while many others were unprofitable.