Korbit "Bitcoin Accumulated Purchase Popular... Three Times More Than Bulk Purchase"

SmartU Launch 3-Month Data Analysis

[Asia Economy Reporter Lee Myunghwan] It has been revealed that in the trading volume share of the cryptocurrency exchange Korbit, installment purchases account for a higher proportion than lump-sum purchases. This is interpreted to mean that the proportion of periodic investments is higher than temporary investments in cryptocurrencies.

Korbit announced on the 3rd that, after analyzing three months of data from 'SmatU,' a cryptocurrency installment and lump-sum purchase service, installment purchases dominated the trading volume share over lump-sum purchases.

SmatU consists of installment purchases, which allow repeated purchases of Bitcoin and Ethereum according to amount and period, and lump-sum purchases, which enable buying multiple types of cryptocurrencies at once based on a pre-configured portfolio.

Analyzing the trading volume, age groups, popular products, and purchase cycles of SmatU products from February 28 to May 28, about three months, Korbit found that installment purchases accounted for 75% of the trading volume, while lump-sum purchases accounted for 25%. This means nearly three times more money flowed into installment purchases than lump-sum purchases. Looking at the trading volume per person, installment purchases averaged 1.14 million KRW, while lump-sum purchases averaged 570,000 KRW, showing higher trading volume for installment purchases.

Regarding gender trading ratios, male investors accounted for 80% in both installment and lump-sum purchases, showing a significantly higher proportion.

By age group, for installment purchases, those in their 30s accounted for 37% of the trading volume, and those in their 40s accounted for 35%. People in their 30s and 40s made up 72% of the installment purchase trading volume.

For lump-sum purchases, those aged 60 and above accounted for 31% of the trading volume, and those in their 50s accounted for 26%. Thus, people in their 50s and 60s and above accounted for 57% of the lump-sum purchase trading volume.

By product, 64% of all installment purchase orders were for Bitcoin, and the remaining 36% were for Ethereum. In lump-sum purchases, 68% were concentrated on the 'Bitcoin and Ethereum' product. Next, about 13% were focused on the 'Wavebridge Metaverse - Non-Fungible Token (NFT) Index' product, indicating steady interest in the metaverse and NFTs.

Finally, examining the number of orders by purchase cycle in installment purchases, orders were evenly distributed across daily, weekly, and monthly cycles. In particular, monthly orders tended to cluster on typical payment or payday dates such as the 15th, 1st, and 25th of each month, suggesting a tendency to invest in cryptocurrencies in a manner similar to traditional savings and installment deposits, Korbit explained.