Asia's crypto ownership has surged by 21.8% in 2024, now totaling over 326.8 million users. This significant growth adds 58.6 million new crypto holders, securing Asia's position as the leader in global crypto adoption, making up the majority of the 562 million global crypto owners.
The UAE leads the way in Asia with a 25.3% crypto ownership rate, followed by Singapore at 24.4%, and other key countries like Thailand, Vietnam, and Saudi Arabia close behind. East Asia remains a powerhouse, receiving over $400 billion in crypto value from July 2023 to June 2024, thanks to strong institutional transfers and centralized exchanges.
Hong Kong has experienced an 86% increase in crypto transactions, boosted by its regulatory advancements, such as exchange licensing and digital asset-friendly policies. South Korea, on the other hand, topped the region in transaction value, processing $130 billion, driven by rising dissatisfaction with traditional currencies.
The combined efforts of governments and large corporations across the region are fostering a growing trust in blockchain technology, further solidifying Asia’s dominance in the global crypto market.
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