Number of crypto exchange users South Korea 2021, by platform

Published by L. Yoon, Jan 22, 2024
As of August 2021, Upbit was the largest cryptocurrency exchange in South Korea with around 8.3 million registered users. Bithumb followed with around 3.1 million users. Bitcoin and other cryptocurrencies are currently not considered legal tender or financial assets in South Korea, yet the market has grown extensively in the last few years.

Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions)

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Release date

September 2021

Region

South Korea

Survey time period

August 31, 2021

Supplementary notes

*18 crypto exchanges that have acquired an Information Security Management System (ISMS) certificate as part of the registration process with the Financial Intelligence Unit, but have not been able to find a banking partnership to guarantee real-name bank accounts for their users.

Figures have been rounded.

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