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Crypto Culture Surges: Survey Finds Majority Of South Koreans Have Traded Digital Currency

2025-07-01 05:05:49

Main Idea

A survey by Hana Bank’s Hana Financial Research Institute reveals widespread cryptocurrency adoption in South Korea, with half of adults aged 20-50 having tried crypto and over a quarter currently owning virtual assets, which make up 14% of their financial portfolios on average.

Key Points

1. Half of South Korean adults in their 20s-50s have tried cryptocurrency, and 27% currently own virtual assets, averaging 14% of their financial portfolios (about 13 million won).

2. Men dominate crypto investing (67% vs. 33% women), but female participation has surged since 2024.

3. Most investors entered during the 2020 Bitcoin boom, with 42% now investing over 10 million won in virtual assets.

4. Investment motivations have shifted from FOMO (57% to 34%) to strategic reasons like portfolio balance (26% to 44%).

5. Upbit is the preferred exchange for 70% of traders, with bank linkage ease and promotions becoming key factors in exchange selection.

Description

According to a survey by Hana Bank’s Hana Financial Research Institute, half of adults in their 20s through 50s have tried crypto, and more than a quarter still hold them. The study finds that 51% of people in that age range have some experience investing in crypto, while 27% currently own virtual assets. On average, these holdings make up 14% of their financial portfolios—about 13 million won. Age And Gender Gap The breakdown by age shows the biggest group of investors are in their 40s at 31%, ...

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