South Korean investors on average invested $6,100 in cryptocurrencies last year. This is 64% more than in 2017.

The South Korean Fund for the Protection of Financial Investors announced the results of a survey conducted in December 2018 and dedicated to investing in cryptocurrencies. According to the survey, the average amount of investment made by South Korean investors in cryptocurrencies increased to 6.93 million won ($6,100) in 2018, which is 64% higher than a year earlier. In 2017, South Korean investors bought cryptocurrencies worth 4.42 million won on average.

2530 persons aged 25 to 64 years old, living in Seoul and six major cities of the capital region took part in the poll.

Investors' involvement in the cryptocurrency market slightly grew to 7.4% versus 6.4% in 2017.

"Investors made additional investments, waiting for recovery and hoping that decline in crypto prices would come to the end," the Fund for the Protection of Financial Investors of South Korea said in a statement.

Among respondents, only 7.4% said that they own cryptocurrencies. The most popular reasons why investors did not want to invest in cryptocurrency were high price volatility (33,%) and difficult methods of use (10.8%).