Fresh research just dropped, and spoiler alert: Asia is absolutely killing it in the crypto space. It turns out that 60% of global crypto users are based out of Asia, officially leaving North America and Europe in the dust.<\/p>\n
According to research published on the 13th January 2025<\/a>, by Foresight Ventures and Primitive Ventures, Asia isn\u2019t just dabbling in Web3\u2014it\u2019s owning it. The region is a giant when it comes to shaping future trends, with daily digital asset trading volumes smashing past $20 billion.<\/p>\n Asia drives the global crypto revolution! With 60% of global users & the largest share of liquidity, it\u2019s the hub of digital finance. Our “GTM in Asia” report co-published with @primitivecrypto<\/a> breaks down the region\u2019s key trends. pic.twitter.com\/vTl6d2DSsY<\/a><\/p>\n \u2014 Foresight Ventures (@ForesightVen) January 15, 2025<\/a><\/p>\n\n India is the undisputed champion of digital currency adoption in Asia, with Indonesia and Vietnam tagging along in second and third place. The Philippines and Pakistan round out the top five. All of them made it to the 2024 Global Crypto Adoption Index\u2019s<\/a> top 10 list.<\/p>\n With a GDP per capita of $12K, China\u2019s got a solid mix of digital innovation and engineering expertise. Its tech-savvy, population is driven by FOMO, despite the country\u2019s strict policies. Fun fact: 59 million people in China own crypto, making it the second-largest crypto market after India.<\/p>\n Indonesia is making waves as a regional heavyweight, locking in the #3 spot worldwide for crypto adoption. Between July 2023 and June 2024, the country pulled in a massive $157.1 billion in crypto value, making it the clear leader in Southeast Asia.<\/p>\n Meanwhile, Singapore and Hong Kong are in a head-to-head race to claim the title of Asia\u2019s crypto hub. Singapore\u2019s forward-thinking regulations have made it a magnet for big players like Gemini, OKX, and Upbit, all of which snagged licenses in 2024. Crypto users here are mostly institutions focused on long-term gains. With clear regulations and a 24.4% crypto ownership rate.<\/p>\n And when it comes to private wealth, Asia\u2019s elite are all about digital assets. A report from Aspen Digital shows that 94% of wealthy investors in the region are already into Bitcoin and other cryptos\u2014or plan to be soon.<\/p>\n Japan, for example, sitting in the $33K\u2013$35K GDP per capita range has approximately 350,000 daily active traders, and leans heavily into NFTs, drawing inspiration from its rich art and cultural history.<\/p>\n Explore<\/strong>:\u00a0India\u2019s CoinDCX CEO Is Hoping For Relaxation On Crypto Taxation In Budget 2025. And Can CoinDCX Acquire WazirX?<\/a><\/p>\n Centralized exchanges dominate the market right now, with Binance and Upbit leading the charge. These two are the MVPs in Asia-Pacific and the Middle East.<\/p>\n Regulators are doing their thing to protect investors, but let\u2019s be real: the crypto scene is still heavy on speculation. Meme coin trading and airdrop farming? Huge. But when it comes to long-term holders? Yeah, not so much.<\/p>\n Unsurprisingly, it\u2019s the young blood\u2014millennials and Gen Z\u2014fueling the crypto boom. Gen X and Boomers? Barely a blip on the radar, clocking in at less than 10% of users.<\/p>\n India<\/strong>: People are diving into Web3 through Telegram Mini Bots. Explore: <\/strong>This Week In Crypto Asia: Thailand Trials Bitcoin Payments In Tourism, While Indonesia Shifts Crypto Oversight To OJK<\/a><\/p>\n Even crypto optimists were surprised by how massive Asia\u2019s adoption rates have become. Take India: despite heavy government taxation, it\u2019s holding strong in second place globally.<\/p>\n Also, places like South Korea, Thailand, and Indonesia faced pretty harsh government policies in 2024, but that didn\u2019t stop the crypto wave. In fact, regions that once threw shade at digital assets have had a change of heart, sparking a new wave of institutional and retail investors.<\/p>\n Explore<\/strong>:\u00a0US, Japan, South Korea Issue Joint Warning On North Korean Crypto Thefts<\/a><\/p>\n The post This Week In Crypto Asia: 60% Global Crypto Users Are From Asia<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Fresh research just dropped, and spoiler alert: Asia is absolutely killing it in the crypto space. It turns out that 60% of global crypto users are based out of Asia, officially leaving North America and Europe in the dust. According to research published on the 13th January 2025, by Foresight Ventures and Primitive Ventures, Asia […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36742","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36742"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36742"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36742\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}India\u2019s Leading the Pack (By a Mile)<\/h2>\n
What\u2019s the Vibe in the Asian Web3 Scene?<\/h2>\n
Research Suggests Millennials and Gen Zs Are Running the Show<\/h2>\n
\nVietnam<\/strong>: Play-to-earn (P2E) games are everything<\/em>.
\nSouth Korea<\/strong>: It\u2019s all about speculative retail trading.
\nHong Kong and Singapore<\/strong>: Institutional investors are taking the wheel.
\nPhilippines<\/strong>: Crypto-based remittances and P2E games are giving the country major clout.<\/p>\nResearch Numbers Are Even Bigger Than Expected<\/h2>\n