560,000 foreign nationals have Korean crypto accounts, but just 90 are active
The number of foreign nationals with accounts at domestic cryptocurrency exchanges has reached 560,000, but only 90 of them are active users, data showed Sunday. The accounts are believed to have been opened before foreign investment was effectively banned in 2021. According to data from the Financial Supervisory Service, the five major cryptocurrency exchanges — Upbit, Bithumb, Coinone, DigitalX…
The Korea Times reports that there are 560,000 foreign nationals with cryptocurrency accounts in domestic exchanges, but only 90 of these accounts are active. The data, obtained by Rep. Park Sang-hyuk of the ruling Democratic Party of Korea, covers the five major exchanges: Upbit, Bithumb, Coinone, DigitalX, and GOPAX. A mere 0.09% of these foreign-held accounts have completed know-your-customer verification, while an even smaller 0.01% have engaged in at least one trade, staking transaction, deposit, or withdrawal.
Bithumb leads with 484,846 foreign-held accounts, followed by Upbit with 42,449, Coinone with 15,914, DigitalX with 11,622, and GOPAX with 11,521.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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