South Korea is known for its love of cryptocurrency, contributing to 20% of all Bitcoin trades in 2017 and becoming the largest market for Ethereum. However, the country's interest in decentralized finance (DeFi) is not as strong. This is due to factors such as trust in traditional financial systems, user experience barriers, educational gaps, and regulatory hurdles. Despite this, there is a push to make DeFi more accessible to Koreans through translation, collaboration, and education.
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Koreans Love Crypto but DeFi Not so Much, Claims Researcher
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