Copy link
Increase text size
Decrease text size
Link copied

60% of new crypto investors in South Korea belong to the 20-30 years old age group

Crypto investors who belong to the 20-30 years old age group usually make small-scale investments of up to $100.

Seoul, South Korea / Image by: Wikimedia Commons

Fri, 02 Apr 2021, 09:38 am UTC

Last month, it was reported that “crypto moms” or female investors aged 40 to 49 are fueling the “second boom” of South Korea’s cryptocurrency industry. A recent study spotted a new trend where investors younger than the middle-aged crypto moms have been actively making small-scale crypto investments into Bitcoin and other cryptos, helping the resurgence of the country’s digital currency market.

Big data firm IGA Works released the “Virtual Currency App Market Analysis” research, which revealed the latest crypto investment trends in South Korea. According to the data, almost 60 percent of new crypto investors are aged from 20 to 30 years old, according to

The study also revealed that crypto traders in the 20-30 age group prefer to invest “smaller amounts” in cryptos, which is usually up to $100. This group of South Korean investors usually place their money into Bitcoin (BTC) and “top 10-by market-cap altcoins.”

One of the research participants identified as “Mr. A” revealed that he usually sets aside a portion of his monthly salary to invest in crypto. The trader allocates around 100,000 Korean won ($88 ) each month to invest in BTC and other altcoins.

For the first time, the number of monthly crypto app users reached three million in February, according to IGA Works. This rise in the number of app-based crypto traders means that investors are not deterred despite the stricter crypto industry regulations.

However, the trend among investors aged 20-30 making smaller investments in cryptos could be due to warnings about allocating money into cryptos. For instance, Seok-moon Jeong, director of business development at Kobit, said that people should invest only a small portion of their assets in crypto due to volatility.

“Because it is an asset that is more volatile than stocks, you should start with a small amount,” he said, according to “It would be better to take it as small as 1%.”

New investors are also encouraged to only focus on Bitcoin. “If you are a novice investor, we recommend that you do not touch anything other than bitcoin,” he added. “If bitcoin is a new drug licensed by the KFDA, altcoins (cryptocurrencies other than bitcoin) are in the clinical trial stage.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (btc) $56,249.00 (-0.07%)
  • Ethereum (eth) $2,214.00 (-0.53%)
  • Binance Coin (bnb) $514.22 (+7.92%)
  • XRP (xrp) $1.38 (+1.61%)
  • Dogecoin (doge) $0.393793 (+14.53%)
  • Bitcoin (btc) $56,249.00 (-0.07%)
Apr 19, 2021 (Monday)
BTC Surges by 1.81% Within 5 Mins, Marking 55,330.69 USDT
DOGE Tops List Of Crypto Net Inflow With $302.54 Mln In Past 18 Hours
BTC Surges by 1.05% Within 5 Mins, Marking 57,322.2 USDT
Collinstar Capital Announces Strategic Investment In Class ZZ
Crypto Market Sentiment On Apr 19: Market In "Greed"
BNB Tops List Of Crypto Net Inflow With $196.28 Mln In Past 10 Hours
Data Summary Of's Perpetual Contract: April 19
Apr 18, 2021 (Sunday)
BTC Surges by 1.0% Within 5 Mins, Marking 55,650.55 USDT
BTC Drops by 1.22% Within 5 Mins, Marking 54,000 USDT
BTC Drops by 1.02% Within 5 Mins, Marking 55,377.46 USDT
BTC Drops by 1.04% Within 5 Mins, Marking 55,899.53 USDT
BTC Drops by 6.05% Within 5 Mins, Marking 53,006.62 USDT
BTC Drops by 6.19% Within 5 Mins, Marking 54,498.5 USDT
BTC Drops by 1.75% Within 5 Mins, Marking 57,373.57 USDT
Apr 16, 2021 (Friday)
DOGE Tops List Of Crypto Net Inflow With $1.69 Bln In Past 18 Hours
BTC Drops by 1.02% Within 5 Mins, Marking 61,190.87 USDT
BTC Drops by 1.08% Within 5 Mins, Marking 61,928 USDT
Class ZZ Deployed Cross-Chain Contracts On ETH, HECO, And BSC
Crypto Market Sentiment On Apr 16: Market In "Extreme Greed"
DOGE Tops List Of Crypto Net Inflow With $884.07 Mln In Past 10 Hours
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.