Exchanges Reap 'Trump Effect'... New Registrations Quadruple

The election of President Donald Trump, who has maintained a favorable stance towards virtual assets (cryptocurrency), seems to have strengthened domestic interest in virtual assets. It has been observed that the number of new registrations on cryptocurrency exchanges increased significantly following President Trump's election.

According to data received by Lee Heon-seung, a member of the National Assembly's Political Affairs Committee from the People Power Party, from the top 5 domestic cryptocurrency exchanges, the average number of new registrations from November to December last year, right after President Trump, was 492,464.

Comparing this to before President Trump's election, the average monthly number of registrations from January to October last year was 108,695. The average number of new registrations in November and December increased by about 4.5 times.

Additionally, out of the total 2,071,877 new registrations last year, 984,927 (47.6%) were registered between November and December.