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A combined 4 billion won was deposited to South Korea's top four crypto exchanges under teen investors’ names as of July, according to data from Rep. Yoon Do-hyun of the People Power Party.
South Korean teens sold and bought coins around 1.9 million times between April and July and made an average of 17.2 times cryptocurrency transactions per month.
By adding the value of coins bought by teens, their investments may exceed the 4 billion won-mark, says market insiders who did not provide an estimate.
South Korea's top four crypto exchanges are Upbit, Bithumb, Coinone, and Korbit.
Upbit's 5.3 trillion won deposits are four times larger than the other three combined.
Bithumb was second-largest, with deposits of over 1.3 trillion won with Coinone at third with 248 billion won and Korbit with 69 billion won.
