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Value of cryptocurrency exchange deposits in South Korea as of August 2021, by platform (in trillion South Korean won)

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Source

Release date

September 2021

Region

South Korea

Survey time period

August 31, 2021

Supplementary notes

*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.

Deposits include both South Korean won and cryptocurrency coins.

1,000 South Korean won equals 0.86 U.S. dollars or 0.73 euros as of September 2021.

Figures have been rounded.

Citation formats

Value of crypto exchange deposits South Korea 2021, by platform

Published by K. Scholle, Sep 23, 2021
As of August 2021, Upbit was the largest cryptocurrency exchange in South Korea with deposits of around ** trillion South Korean won. Bithumb followed with around **** trillion South Korean won of deposits. 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.
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