DeFI News by Thebittimes.Com

1. South Korea: Over 30% of Population Now Engaged in Cryptocurrency Investments link According to data from the Bank of Korea, as of the end of November, the total number of cryptocurrency investors in South Korea surpassed 15.59 million for the first time, accounting for over 30% of the country’s population. The total asset size reached 102.6 trillion won (approximately $79 billion), with the daily trading volume nearing the total of the domestic stock market. Fueled by expectations of crypto-friendly policies following Donald Trump’s election as U.S. president, Bitcoin prices surged nearly 35% in November, significantly boosting investment activity in South Korea’s crypto market. Among the five major exchanges, the average cryptocurrency holdings per investor reached 6.58 million won (approximately $5,070), with 610,000 new investors added in November alone. Additionally, the volume of deposits not yet invested in the market increased to 8.8 trillion won (approximately $6 billion). ...

Businesses and investors in Brazil have grown more interested in cryptocurrencies over the course of the year. Brazilian businesses revealed an increase in crypto holdings in one of the most recent reports issued by the country’s tax office. The interest in cryptocurrencies has been rising among Brazilian investors recently. Nearly 34 million Brazilians have engaged cryptocurrency investors who have participated in cryptocurrency investments during the preceding six months, according to a KuCoin study from April. The numbers show an increased interest in cryptocurrencies not just among investors and businesses, but also banks. Brazil’s Nubank announced that it will be providing cryptocurrency trading services to its clients in May 2022. The bank joined hands with Paxos to provide crypto access to over 50 million Brazilians. In one of the recent announcements , the bank outlined its plan to launch its own crypto . JUST IN: 🇧🇷 Brazil 's Nuban...