• Upbit and Bithumb’s study reveals that 185 young South Koreans hold KRW 1 billion in cryptocurrencies.
• 3,759 individuals own crypto accounts with their portfolio exceeding a value of KRW 1 billion.
• 1,297 people aged between 40 and 49 held crypto accounts worth KRW 1 billion.

A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets worth over KRW 1 billion, or $750,000.

As reported in the local Maeil Business Newspaper, nearly 3,759 individuals in South Korea have crypto accounts with a value of more than KRW 1 billion. Of these crypto billionaires, about 185 are investors aged between 20 and 29.

Read also: South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO

These young crypto investors collectively hold about 967.2 billion ($739 million), with an average of around KRW 5.2 billion ($3.9 million) each. Industry experts say these young crypto billionaires may have earned their wealth through strategic investment decisions and by diversifying inherited wealth.

The report also found that the largest nu…

The post Crypto Billionaires in South Korea: Young Investors Hold $739 Million appeared first on Coin Edition.

• Upbit and Bithumb’s study reveals that 185 young South Koreans hold KRW 1 billion in cryptocurrencies.
• 3,759 individuals own crypto accounts with their portfolio exceeding a value of KRW 1 billion.
• 1,297 people aged between 40 and 49 held crypto accounts worth KRW 1 billion.

A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets worth over KRW 1 billion, or $750,000.

As reported in the local Maeil Business Newspaper, nearly 3,759 individuals in South Korea have crypto accounts with a value of more than KRW 1 billion. Of these crypto billionaires, about 185 are investors aged between 20 and 29.

Read also: South Korean Court Orders Defunct GDAC to Return $7.3M in WEMIX to Wemade CEO

These young crypto investors collectively hold about 967.2 billion ($739 million), with an average of around KRW 5.2 billion ($3.9 million) each. Industry experts say these young crypto billionaires may have earned their wealth through strategic investment decisions and by diversifying inherited wealth.

The report also found that the largest nu…

The post Crypto Billionaires in South Korea: Young Investors Hold $739 Million appeared first on Coin Edition.