Источник BeInCrypto.com
Заголовок Crypto is Booming in China as Asia Leads with 60% of Global Users
Дата 20250110

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Crypto is Booming in China as Asia Leads with 60% of Global Users

Asia dominates the global cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market, accounting for 60% of
worldwide crypto users and contributing the largest share of global liquidity.
New research from Foresight Ventures and Primitive reports these findings.

Five Asian nations, including India, Indonesia, and Vietnam, rank among the
top 10 in the 2024 Global Crypto Adoption Index.

Asia Leads in Global Crypto Adoption

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The report highlights Asia’s escalating crypto adoption, largely fueled by
centralized exchanges (CEXs) and price-sensitive communities. Asian users
generate 37.1% of global traffic to CEXs, securing the top position in this
category.

Meanwhile, North America leads in decentralized exchange (DEX) usage. Oceania
contributes less than 2% to global CEX and DEX traffic.

“The international division of labor in the Web3 industry is even more
critical compared to traditional internet sectors. Asia stands as a
significant hub for crypto innovation, users, and trading markets. Through
this report, we aim to highlight Asia s diverse cultural and market
characteristics.” Forest Bai, Co-Founder of Foresight Ventures, told
BeInCrypto.

Asia ranks third in DEX activity, likely due to regulatory restrictions that
limit the presence of global CEXs in North America, prompting many users there
to rely on DEXs.

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In Q2 2024, merchants in Singapore processed nearly $1 billion in crypto
transactions, the highest in two years. As BeInCrypto previously reported, the
city-state has become a leader in crypto payments. It issued 13 crypto
licenses in 2024 —more than twice the number issued the previous year.

Also, Singapore became the first country in Asia to list Ripple s RLUSD
stablecoin , which debuted on the Independent Reserve exchange.

China s Crypto Market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Thrives Despite Bans

The report notes that 5.9% of traffic to the pump.fun platform came from
Chinese-speaking regions, including China, Hong Kong, Taiwan, and Indonesia.
Another 5.1% originated from India.

Pump.fun was the leading meme coin platform in 2024, and Chinese users largely
contributed to its growth. The research also reflects that Chinese-speaking
users show a strong interest in trading Solana meme coins on platforms like X
(formerly Twitter).

Contrary to widespread belief that China has banned crypto entirely , the
report highlights a thriving crypto ecosystem. Hong Kong serves as a gateway
to the Chinese market, supported by active over-the-counter (OTC) trading .

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Western discourse often assumes that China has completely banned crypto,
leading many to believe its crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has vanished. Industry rnvironment
prohibits trading, but boldly develop on-chain technology,” the report
claimed.

Chinese users often bypass capital controls using stablecoins and rely on DeFi
platforms and DEXs as secure alternatives.

Also, China s crypto participants are predominantly young retail
investors with a strong appetite for high-risk assets, including meme coins
like Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin . The report also indicates significant interest in DeFi,
GameFi, and infrastructure-related projects.

Overall, Asia’s substantial contribution to global cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта adoption and
liquidity reflects its pivotal role in shaping the industry s future.

Disclaimer

All the information contained on our website is published in good faith and
for general information purposes only. Any action the reader takes upon the
information
found on our website is strictly at their own risk.

============= Итог: 1,9990 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Dogecoin


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