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Cryptocurrency recurring purchase investments reach 972.9 billion won in South Korea
Cumulative investment in South Korean cryptocurrency recurring purchase services, which automatically buy digital assets at set intervals, reached 972.9 billion won as of late August. This represents a 78.9% increase from the end of last year.
Data submitted to the National Assembly Political Affairs Committee by major exchanges shows that Upbit dominates the market, accounting for 92.3% of the total cumulative investment with 897.7 billion won. The total number of users across participating exchanges—Upbit, Coinone, and Korbit—has surpassed 337,000.
While Upbit maintains a massive lead, other exchanges showed significant growth. Coinone's cumulative investment rose sharply from 612 million won at the end of last year to 11.95 billion won by August, a nearly 20-fold increase. Korbit's investment grew from 48.18 billion won to 63.26 billion won.
User demographics varied by platform: Upbit's largest user group is in their 30s, Coinone's in their 40s, and Korbit's in their 50s. Reported cumulative return rates as of late August were 13.6% for Korbit and 2.5% for Coinone, while Upbit stated it was difficult to calculate a total service return rate due to varying user parameters.
Entities
Coinone · Korbit · Park Sang-hyuk · South Korea · Upbit
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Korbit's cumulative investment increased from 48.18 billion won to 63.26 billion won during the same period. www.tokenpost.kr · www.blockmedia.co.kr
- [● 3 SOURCES] The cumulative investment amount increased by 78.9% compared to the end of last year. www.jnilbo.com · www.tokenpost.kr · www.blockmedia.co.kr
- [● 3 SOURCES] Cumulative investment in cryptocurrency recurring purchase services reached 972.9 billion won as of late August. www.jnilbo.com · www.tokenpost.kr · www.blockmedia.co.kr
- [● 2 SOURCES] Korbit reported a cumulative return rate of 13.6% as of late August. www.tokenpost.kr · www.blockmedia.co.kr
- [● 2 SOURCES] Coinone reported a cumulative return rate of 2.5% as of late August. www.tokenpost.kr · www.blockmedia.co.kr
- [● 3 SOURCES] Upbit accounts for 92.3% of the total cumulative investment in recurring purchase services. www.jnilbo.com · www.tokenpost.kr · www.blockmedia.co.kr
- [● 2 SOURCES] Coinone's cumulative investment grew from approximately 612 million won at the end of last year to 11.95 billion won by late August. www.tokenpost.kr · www.blockmedia.co.kr
- [● 3 SOURCES] The total number of cumulative users across the three participating exchanges reached 337,119 as of late August. www.jnilbo.com · www.tokenpost.kr · www.blockmedia.co.kr