Donald Trump's pro-crypto stance boosts South Korea's market, attracting record high investments

From Yahoo Finance: 2025-04-22 11:03:00

In December 2024, South Korea’s domestic cryptocurrency market hit a record high with over 100 trillion won ($70.5 billion) in local wallets, as reported by the Bank of Korea. This surge was attributed to excitement surrounding Donald Trump’s re-election and his pro-crypto stance, impacting global money flows.

The Bank of Korea noted a significant increase in trading activity post-election, with an average trading volume of 17.2 trillion won ($12.1 billion) in the last week of December. This surge highlights how influential global actors like Trump can shape the crypto space and impact markets worldwide.

Read more: Trump’s crypto policy has astounding reach in South Korea