Asia Leads The Crypto Market With 60% Of Global Users

Despite regulatory restrictions, Asia is establishing itself as the global epicenter of crypto, capturing 60% of users worldwide. A recent study by Foresight Ventures and Primitive reveals that the Asian continent generates the largest share of global liquidity, with five Asian countries ranking in the top 10 of the global crypto adoption index in 2024.

Asia Sets New Records in Crypto Adoption

A recent study by Foresight Ventures and Primitive reveals that Asia accounts for 60% of global crypto users, confirming its central role in global adoption. This leadership is particularly based on the activity of centralized exchanges (CEX) and price-sensitive communities, such as those in India, Vietnam, and Indonesia.

Singapore stands out as a pioneer, with nearly one billion dollars in crypto transactions recorded in the second quarter of 2024. Furthermore, the city-state issued 13 new crypto licenses, doubling last year’s figures. This rapid progress makes Singapore a model in terms of cryptocurrency payments and clear regulation.

Meanwhile, countries like Indonesia and Vietnam rank among the top 10 in the global crypto adoption index. Their users, eager for innovative solutions, actively participate in the sector’s growth, thereby consolidating Asia’s dominance.

China Maintains Its Influence Despite Restrictions

Contrary to popular belief, the crypto market in China remains active despite a restrictive regulatory framework. According to data from Pump.fun, a major platform dedicated to Solana-based memecoins, 5.9% of the traffic comes from Chinese-speaking regions, including mainland China, Hong Kong, and Taiwan.

The Chinese crypto community stands out for its interest in meme tokens on the Solana blockchain, showcasing a strong appetite for high-risk assets. Investors, mainly young, effectively bypass restrictions through decentralized solutions (DeFi) and over-the-counter (OTC) trading.

Hong Kong plays a key role as a gateway to the Chinese market, offering a more flexible regulatory framework. This allows investors to access cryptocurrencies while maintaining close ties with mainland China.

Asia, particularly China, continues to play a crucial role in the global crypto market. Despite limitations, it significantly influences trends and contributes to the sector’s evolution.