
A new survey has found that nearly one in five South Korean still investing in crypto despite FTX Exchange Collapse and a fall in global markets.
To News1, the nationwide survey was conducted this month by research firm Consumer Insight. The company spoke to 2,000 people aged 20 to 69 and found that 18.2% of respondents said they were currently continuing to trade or were HODLing coins in preparation for a trading move.
among crypto traders, bitcoin (btc) was the number one pick, with 46.1% saying they favor BTC. Ethereum (ETH) narrow slit XRP in second place with 25.9% and 24.5% respectively. About 17% said they prefer to do business Dogecoin (DOGE),
Just over 10% said they had dabbled with crypto trading in the past, but didn’t currently own any coins. But around 72% said they had never bought any form of crypto.
Of those who said they traded coins, over a quarter were in their thirties, while 23% were aged 40-49. just under 20% were in their twenties. Nearly 6 in 10 said they spent less than $746 on coins and crypto trading. But about 12% said they spent above $7,460.
Despite this, trading volumes on domestic exchanges continued to decline. Market-leading crypto exchange Upbit recorded an annual 24-hour high of nearly $10.3 billion worth of transactions on March 31 this year, according to data from CoinGecko. In mid-November this figure has declined to a 24-hour average of over $1 billion.

South Korean crypto trader: business as usual?
South Korean exchanges have done thus far relatively unblemished From the collapse of FTX – Liquidity issues not yet reported Most of the largest trading platforms in the countryHowever one platform (GoPax) suffers from withdrawal issues due to a partnership deal with Genesis.

Apart from a short-lived peak in trades on November 10, it appears that many domestic traders have continued to buy and sell coins on platforms such as Upbit and its closest rival, Bithumb.
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