XRP has become the most preferred asset in South Korean investors’ portfolios, especially those in their 20s, according to new findings. The proportion of XRP in the portfolios of individuals in their twenties exceeds that of Bitcoin and Ethereum by approximately 3.2%.Kim Dong-hwan, CEO of South Korea’s virtual asset specialist Wonderframe, believes investors in their 20s have an investment tendency aimed at short-term profits rather than long-term investments. Meanwhile, XRP investment ratios across investors in their 30s, 40s, 50s, 60s, and other were – 17%, 11.8%, 14.9%, and 13.8%, respectively.XRP trading activity has been heavily concentrated on South Korean exchanges, with volumes on prominent local crypto exchanges Upbit and Bithumb even exceeding that of Bitcoin and Ethereum at times. Last year, XRP was ranked the second-most popular crypto-asset in the country after Bitcoin, as per a study conducted by South Korea’s leading crypto exchanges – Upbit, Bithumb, Coinone, and Korbit.Individuals in their twenties exhibit an inclination towards “aggressive” investing, as opposed to investors from other age demographics in South Korea. It was also found that this cohort of market players displays a preference for altcoins over Bitcoin and Ethereum. This is in contrast with the 30-year-old age group, which was found to have the highest investment weighting in Bitcoin and Ethereum at 28.2%.
| Information |
Details |
| Geography |
Asia |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
Kim Dong-hwan |
| Companies |
Bithumb, Upbit, Coinone, Korbit, Wonderframe |
| Currencies |
XRP, Bitcoin, Ethereum, USD, KRW |
| Securities |
None |
