{"id":54965,"date":"2021-02-28T09:03:20","date_gmt":"2021-02-28T09:03:20","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=54965"},"modified":"2021-02-28T09:03:20","modified_gmt":"2021-02-28T09:03:20","slug":"report-asias-cryptocurrency-landscape-the-most-active-most-populous-region-has-an-outsize-role","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=54965","title":{"rendered":"Report: Asia\u2019s Cryptocurrency Landscape the Most Active, Most Populous Region \u2018Has an Outsize Role\u2019"},"content":{"rendered":"

\"Report:<\/p>\n

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia\u2019s cryptocurrency landscape in-depth, as 60% of the world\u2019s population resides in the region. Christanto\u2019s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem from Asia.<\/strong><\/p>\n

Asia\u2019s Financial Landscape Is Ripe for Disruption<\/h2>\n

When it comes to cryptocurrencies, Asia accounts for a huge number of crypto users, companies, miners, traders, and more. The cryptocurrency and blockchain researcher from messari.io<\/a>, Mira Christanto<\/a>, explains that Asia has a \u201chistory of dictators, currency depreciation, [and] capital controls \u2013 all ripe for disruption.\u201d This has likely led to Asia being the most active cryptocurrency markets, according to Christanto\u2019s recent findings.<\/p>\n

\"Report:<\/p>\n

Her recently published study called \u201cAsia\u2019s Crypto Landscape<\/a>\u201d covers the \u201ckey exchanges, funds, and market makers that define crypto in China, Japan, Korea, Hong Kong, Singapore, and Southeast Asia, with commentary on regulatory and investment trends.\u201d Countries like China, Japan, Hong Kong, India, South Korea, Singapore, Philippines, Thailand, Indonesia, Vietnam, Malaysia, and more are covered in the 98-page study.<\/p>\n

\u201cLeading crypto countries, such as China, Japan, Korea, Hong Kong, and Singapore, have deep pools of liquidity, while other countries have a great potential to scale,\u201d Christanto\u2019s report says. \u201cThe nature of traditional finance has played a key role in the adoption of crypto: capital controls pushed investors towards cryptocurrencies in China and South Korea while low-yields pushed adoption in Japan,\u201d she added.<\/p>\n

\"Report:<\/p>\n

\u201cBy the end of 2019, six of the top ten largest crypto firms in the world were located in Asia,\u201d Christanto\u2019s data further shows. \u201cAs of January 12, 2021, of the top 20 token projects with headquarters, 42% of the market capitalization is based in Asia. Asia has an outsize role in the crypto markets due to a variety of reasons.\u201d<\/p>\n

Christanto\u2019s report continues:<\/p>\n

\n

Each country has its own nuances, but factors include high penetration of public market investing, high-technology pedigree, the prevalence of WiFi, deep penetration of e-payments, propensity for gambling, and high percentage of computer- science graduates. Furthermore, Asia\u2019s development as a finance hub has helped contribute to fintech progress. Japan, Shanghai, and Hong Kong are among the top five largest stock markets in the world.<\/strong><\/em><\/p>\n<\/blockquote>\n

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Asia\u2019s Thriving Crypto Landscapes<\/h2>\n

A few key factoids from Christanto\u2019s study show:<\/p>\n