According to a report by research company Chainalysis, East Asia accounts for nearly 8.8% of the total global cryptocurrency market trading volume. Hong Kong's active over-the-counter cryptocurrency market has a trading volume of $64 billion, which is not far from China's $86.4 billion last year. Compared with other Asian regions, Hong Kong dominates in large institutional cryptocurrency trading. Its data shows that 46.8% of Hong Kong's annual cryptocurrency trading is institutional trading exceeding $10 million, while retail trading below $10,000 only accounts for 4% of Hong Kong's trading volume, slightly lower than the global average of 4.7%. On the other hand, South Korea heavily relies on centralized exchanges for retail trading, with "professional" traders accounting for 40% of trading volume between $10,000 and $1 million.

#feedfeverchallenge