Asia Leads in Crypto Ownership: 21.8% Growth in 2024

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Growth of Crypto Assets in Asia
  2. Leading Asian Countries in the Crypto Sphere
  3. Crypto Activity in Hong Kong and South Korea


    4. According to a report by Triple.A, the Asian continent leads in crypto ownership, adding 58.6 million new crypto owners within one year. Currently, Asia is home to over 326.8 million crypto holders, representing a 21.8% surge from 2023.

    Growth of Crypto Assets in Asia

    Global crypto ownership stands at 562 million, representing 6.8% of the worldwide population. Asia’s crypto ownership makes up most of that, accounting for over 326.8 million.

    Leading Asian Countries in the Crypto Sphere

    In Asia, the UAE leads in crypto ownership with an index of 25.3%. Singapore follows closely at 24.4%, Thailand at 17.6%, Vietnam at 17.4%, and Saudi Arabia at 15%. Malaysia and Hong Kong both hold 14.3%, while Indonesia stands at 13.9% and South Korea at 13.6%.

    Crypto Activity in Hong Kong and South Korea

    According to Chainanalysis, Hong Kong has seen the most significant surge in cryptocurrency activity in East Asia. Despite a crackdown on cryptocurrencies in Mainland China, the city has retained an acceptance of crypto. This year, it took 30th place in the Global Cryptocurrency Adoption Index rankings, up from 47th in 2023. On the other hand, South Korea saw the most significant cryptocurrency transaction value in East Asia, accumulating over $130 billion in crypto transaction value between July 2023 and June 2024.

    The Asian continent continues to lead in the cryptocurrency sector, demonstrating significant growth and activity in the region.

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