South Korean crypto exchange users hit 16M in ‘saturation point’

South Korean industry officials are reportedly speculating the number of crypto users could hit 20 million by the end of the year.

Crypto exchange users in South Korea have crossed over 16 million after receiving a boost following US President Donald Trump’s election win last November.

Data submitted to representative Cha Gyu-geun of the minor opposition Rebuilding Korea Party found over 16 million people had crypto exchange accounts out of a total population of 51.7 million, according to a March 30 report from local news agency Yonhap.

This would be equivalent to over 30% of the population.

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