In South Korea, ultra-high-net-worth accounts with investments in virtual assets exceeding 1 billion won account for 47% of the total market

ChainCatcher news, the number of ultra-high-net-worth accounts in South Korea that have invested over 1 billion won (approximately 749,000 USD) has reached more than 3,400, with an average investment amount of 9.45 billion won (7.08 million USD) per account.

According to data obtained by South Korean Democratic Party lawmaker Ahn Doo-Je from the Financial Supervisory Service, among the 7.7 million virtual asset accounts opened by the two major virtual asset exchanges, Upbit and Bithumb, accounts with assets exceeding 100 million won account for only 1%, but their investment scale represents 70% of the total amount.

Among these high-value accounts that have invested over 1 billion won, the average investment amount reaches 9.45 billion won. These high-value investors account for only 0.04% of all accounts but hold 47% of the total investment amount in the virtual asset market, indicating that the cryptocurrency market is more concentrated than the stock market.

Among these high-value accounts with over 1 billion won, investors in their 40s make up the largest proportion, while those in their 50s have the largest average holding size, averaging 14.8 billion won.