Survey Finds Shifts in South Korea’s Crypto Market: Older Users and Declining Activity

A semi-annual survey released by South Korea's Financial Intelligence Unit and Financial Supervisory Service on October 1 reveals several evolving trends in the nation’s cryptocurrency sector. According to the findings, individuals in their 40s have now become the most prominent demographic among crypto investors in South Korea, signaling a gradual shift toward an older user base.

The report also highlights a sharp decline in trading activity: average daily crypto trading volume on domestic exchanges decreased by 44% during the period under review. In addition, the total value of cryptocurrencies held on these platforms contracted, suggesting reduced engagement and possibly less inflow into Korea-based crypto markets.

These developments are seen in the context of broader global trends in the sector, and may reflect changing user sentiment, market volatility, or adjustments in regulatory and economic factors. While the data provides insight into the evolving landscape, the ongoing trajectory and long-term implications for South Korea’s crypto industry remain uncertain.