South Korea BIT Market was valued at USD 15 Billion in 2022 and is projected to reach USD 25 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
South Korea's BIT Market: Applications and Industry Requirements
South Korea has rapidly emerged as a significant player in the global cryptocurrency landscape, with its BIT Market experiencing substantial growth. By late 2024, approximately 30% of the South Korean population, equating to 15.59 million individuals, had invested in cryptocurrencies. This surge underscores the increasing integration of digital assets into the nation's financial ecosystem.
The burgeoning interest in cryptocurrencies has led to a notable uptick in daily trading volumes. In November 2024, the average daily trading volume reached $10.5 billion, matching the combined activity of the KOSPI and KOSDAQ stock markets. This trend highlights the escalating importance of the BIT Market within South Korea's broader financial framework.
To address the challenges accompanying this rapid growth, the South Korean government has implemented a comprehensive regulatory framework. Starting from the second half of 2025, businesses engaged in cross-border virtual asset transactions will be required to register with authorities and report their transactions to the Bank of Korea monthly. These measures aim to mitigate foreign exchange-related crimes, which have amounted to 11 trillion won ($7.97 billion) since 2020, with over 81% involving virtual assets.
Demographically, male investors dominate the cryptocurrency market, constituting 68% of the investor base. Men in their 30s are particularly active, with 1.58 million participants, followed by those in their 40s and younger age groups. Female investors, while fewer in number, are increasingly contributing to market growth.
Investment patterns reveal that a majority of South Korean crypto investors hold modest amounts in digital assets. Approximately 67% have investments valued at less than 500,000 won ($362), while about 10% maintain portfolios exceeding 10 million won ($7,000). High-net-worth individuals with over 1 billion won ($724,000) account for a mere 0.03% of the market.
Bitcoin remains the most popular asset, favored by 37.2% of investors, followed by Ethereum (11.1%), Ripple (10.6%), Dogecoin (2.8%), and Ethereum Classic (2.7%). However, the market is characterized by significant volatility, with the Maximum Drawdown (MDD) reaching 70%, a notable increase from the previous period and substantially higher than the KOSPI index's MDD of 14% during the same timeframe.
In response to these dynamics, the South Korean government continues to refine its regulatory approach. The focus remains on fostering innovation within the BIT Market while ensuring robust investor protection and market stability. As the landscape evolves, stakeholders are advised to stay informed and exercise caution in this rapidly changing environment.
Get an In-Depth Research Analysis of the South Korea BIT Market Size And Forecast [2025-2032]
DOW
Bio-Chem
Xingyuan Chemistry
Dalian Tianwei Chemical
SinoHarvest
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea BIT Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea BIT Market
Healthcare
Education
Retail
Manufacturing
Finance
Small Enterprises
Medium Enterprises
Large Enterprises
Software Solutions
Hardware Solutions
Services
Customer Relationship Management
Supply Chain Management
Enterprise Resource Planning
Business Analytics
Automation Solutions
B2B
B2C
B2G
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea BIT Market Research Analysis
1. Introduction of the South Korea BIT Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea BIT Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea BIT Market, By Type
6. South Korea BIT Market, By Application
7. South Korea BIT Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea BIT Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/