Asia Leads in Crypto Ownership: 21.8% Growth in 2024

user avatar

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Kalshi Issues Lifetime Ban to George Santos for Manipulating Prediction Market

chest

Kalshi has permanently banned former Rep George Santos for manipulating a market tied to his attendance at the State of the Union address, profiting nearly $18,000.

user avatarKenji Takahashi

Sberbank Prepares for Crypto Trading Boom with New Digital Asset Rules

chest

Sberbank anticipates a surge in cryptocurrency trading in Russia following the implementation of new digital asset regulations, planning to accept Ethereum and Tether as collateral for loans.

user avatarMaria Fernandez

Sony Claims Consumers Don't Expect Ownership of Digital Games in Class Action Response

chest

Sony claims that consumers do not expect ownership of digital games purchased on the PlayStation Store in response to a class action lawsuit.

user avatarGustavo Mendoza

Nvidia Stock Faces Bearish Signals Amid Recent Downturn

chest

Nvidia's stock opened at 217 after a significant drop, with experts warning of potential further declines.

user avatarRajesh Kumar

Defillama Releases New Report on Crypto Metrics

chest

A new report has been released by Defillama focusing on key metrics in the crypto space.

user avatarMiguel Rodriguez

Centcom Releases New Report on Military Operations

chest

A report has been released by Centcom focusing on various military operations, emphasizing accuracy, relevance, and impartiality.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.