Langgampos.com - A recent report from cryptocurrency-focused venture capital firm Foresight Ventures, released on January 9, 2025, highlights Asia's dominance in the global cryptocurrency landscape. The region accounts for 60% of global crypto users and provides the largest contribution to global liquidity.
According to Yahoo Finance on Saturday, January 11, 2025, five Asian countries made it into the 2024 Global Crypto Adoption Index. India leads the list, followed by Indonesia in third place, Vietnam in fifth, the Philippines in eighth, and Pakistan in ninth.
Asia's dominance is evident in the 2024 Global Crypto Adoption Index by Chainalysis, with nine of the top 20 countries hailing from the region. India secured the top spot, while Indonesia's third-place ranking underscores the region's critical role in shaping the cryptocurrency economy.
Indonesia has emerged as a regional powerhouse, ranking third globally in cryptocurrency adoption. Between July 2023 and June 2024, the country received cryptocurrency transactions worth $157.1 billion, leading Southeast Asia in this metric.
Meanwhile, Singapore and Hong Kong are competing for the title of Asia's crypto hub. Singapore’s progressive regulatory framework has attracted major exchanges like Gemini, OKX, and Upbit, all of which secured licenses in 2024.
Private wealth in Asia is increasingly embracing digital assets. A report by Aspen Digital revealed that 94% of wealthy investors in the region have already invested in Bitcoin and other cryptocurrencies or plan to do so. This trend highlights the growing prominence of crypto as a preferred asset class among the elite.
(*)
