More are buying than ever before and spending more to do so, local daily network reported April 20.
Referencing the results of a December 2018 survey from nonprofit organization the Korea Financial Investors Protection Foundation, Arirang revealed 7.4% of the 2,500 adults surveyed said they had bought .
That figure was up 1% on the year before, despite the industry facing hurdles locally in the form of and various hacks.
Not only the number of purchasers had changed: out of those who now owned crypto, many were buying more of it than before.
Compared to 2017, the average investment per person shot up 64% to over $6,000, Arirang said.
According to the survey, it was older investors who were the most common crypto buyers — those in their 50s, followed by 30-40-year-olds.
As Cointelegraph reported, () price uptick to $5,300 at the start of April has spurred the of a bullish trend peculiar to the South Korean market. Known as the “Kimchi Premium,” the phenomenon sees local traders pay a premium for in particular on exchanges when measured in USD terms.
Problems meanwhile persist for market participants, with one South Korean exchange last week and another, , continue to with the effect of a hack worth $18 million that occurred in March.
At the same time, Bithumb’s parent company has gained a from a fund, subsequently plans for both and expansion.
Published at Mon, 22 Apr 2019 15:24:26 +0000
