Virtual money market attracted five million visitors in January

Lim Chang-won Reporter() | Posted : March 5, 2018, 10:50 | Updated : March 5, 2018, 10:50

[Aju News DBy ]

SEOUL -- About five million people visited virtual money trading firms in South Korea in January at the height of controversy over tightened government regulations, according to a survey by Nielsen Koreanclick, an internet market research firm.

The survey found that about 5.09 million people visited domestic cryptocurrency exchanges in January, compared to 7.76 million people who used their PCs and smartphones to visit stock-related websites. Virtual money trading was popular among young people in their 20s and 30s who accounted for 53.3 percent of the total visitors to cryptocurrency exchanges.

In January, Bithumb was the country's most popular cryptocurrency exchange with 3.33 million visitors, followed by Upbit with 2.72 million and Coinone with 700,000. Coinnest was fourth with 510,000 visitors and Korbit stood fifth with 500,000.

Nielsen Koreanclick did not give related figures in February when sentiment in the virtual money market was dampened by a crackdown, tightened regulations and concerns about hacking. Minor cryptocurrency exchanges cannot attract new clients after a customer identification system was introduced on January 30, allowing only real-name accounts used for deposits and withdrawals in cryptocurrency trading.

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