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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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Hankyung. (September 22, 2021). Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions) [Graph]. In Statista. Retrieved May 28, 2024, from https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/
Hankyung. "Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions)." Chart. September 22, 2021. Statista. Accessed May 28, 2024. https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/
Hankyung. (2021). Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions). Statista. Statista Inc.. Accessed: May 28, 2024. https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/
Hankyung. "Number of Registered Users of Cryptocurrency Exchanges in South Korea as of August 2021, by Platform (in Millions)." Statista, Statista Inc., 22 Sep 2021, https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/
Hankyung, Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions) Statista, https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/ (last visited May 28, 2024)
Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform (in millions) [Graph], Hankyung, September 22, 2021. [Online]. Available: https://www.statista.com/statistics/1262844/south-korea-crypto-exchange-user-number-by-platform/