South Korea and Hong Kong Drive Crypto Market Growth in East Asia
East Asia’s cryptocurrency market is booming, with South Korea and Hong Kong leading the way. According to Chainalysis, South Korea tops the region with $130 billion in on-chain value, while Hong Kong’s unique regulatory framework has established it as a major crypto hub.
Institutional adoption in both regions reflects a shift away from traditional financial systems, driven by growing skepticism and the allure of digital assets. Hong Kong’s approval of Bitcoin and Ether ETFs has spiked institutional interest, while South Korea’s high crypto prices and growing public acceptance underscore the region’s expanding crypto landscape.
Clever Robot News Desk 20th September 2024
