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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Number of registered users of cryptocurrency exchanges in South Korea as of August 2021, by platform
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*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.
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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 February 18, 2025, 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 February 18, 2025. 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: February 18, 2025. 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 February 18, 2025)
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/
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