{"id":35069,"date":"2021-01-20T16:58:37","date_gmt":"2021-01-20T14:58:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35069"},"modified":"2025-08-28T23:34:53","modified_gmt":"2025-08-28T20:34:53","slug":"messari-asia-remains-the-epicentre-of-cryptocurrency-market-activity","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/messari-asia-remains-the-epicentre-of-cryptocurrency-market-activity\/","title":{"rendered":"Messari: Asia remains the epicentre of cryptocurrency market activity"},"content":{"rendered":"<p>Asia accounts for 43% of global crypto transactions, 70% of Bitcoin hash rate and six of the ten \u201cunicorns.\u201d This is according to Messari\u2019s review.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Asia is the most active <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> market. We have a history of dictators, currency depreciation, capital controls \u2014 all ripe for disruption.<\/p>\n<p>Behold Messari\u2019s Asia Crypto Landscape: Everything you want to know about the major players<a href=\"https:\/\/t.co\/i1xTfDjuuH\">https:\/\/t.co\/i1xTfDjuuH<\/a><\/p>\n<p>\u2014 Mira Christanto (@asiahodl) <a href=\"https:\/\/twitter.com\/asiahodl\/status\/1351682818686914560?ref_src=twsrc%5Etfw\">January 20, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Researchers note the interest of infrastructure companies in tapping into the cryptocurrency market, which accounts for 60% of the world\u2019s population. This is not hindered by the Chinese authorities\u2019 ban on Bitcoin exchanges and ICOs.<\/p>\n<blockquote>\n<p>\u201cIn East Asia (mainly in China) the size of 90% of transactions exceeds the equivalent of $10,000. The region has more speculative-market participants than North America,\u201d the report says.<\/p>\n<\/blockquote>\n<p>Among other factors highlighting Asia on the crypto market, analysts named:<\/p>\n<ul>\n<li>large stock markets (Japan, China and Hong Kong in the world top-5);<\/li>\n<li>spread of Wi\u2011Fi, smartphones and mobile internet;<\/li>\n<li>popularity of electronic payments;<\/li>\n<li>high share of young IT professionals and fintech development.<\/li>\n<\/ul>\n<p>Asia hosts headquarters of the companies behind Tether, Cardano, EOS, Binance Coin and Tron. The projects account for 42% of the total market capitalization of the top-20 cryptocurrencies.<\/p>\n<p>Also in the region are based six of the ten largest companies by value in the industry.<\/p>\n<div id=\"attachment_122548\" style=\"width: 742px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122548\" class=\"size-full wp-image-122548\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_17-PM.png\" alt=\"Messari: \u0410\u0437\u0438\u044f \u043e\u0441\u0442\u0430\u0435\u0442\u0441\u044f \u044d\u043f\u0438\u0446\u0435\u043d\u0442\u0440\u043e\u043c \u0430\u043a\u0442\u0438\u0432\u043d\u043e\u0441\u0442\u0438 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u043d\u043e\u0433\u043e \u0440\u044b\u043d\u043a\u0430\" width=\"732\" height=\"423\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_17-PM.png 732w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_17-PM-300x173.png 300w\" sizes=\"auto, (max-width: 732px) 100vw, 732px\" \/><\/p>\n<p id=\"caption-attachment-122548\" class=\"wp-caption-text\">Data: Messari.<\/p>\n<\/div>\n<p>In China, major mining companies Bitmain, Canaan and Ebang operate. There, 65.1% of the world\u2019s total Bitcoin computing power is concentrated.<\/p>\n<p>Another 4.3% goes to Malaysia, which has surpassed Iran (3.8%) and entered the top five for this metric after the United States (7.2%), Russia (6.9%) and Kazakhstan (6.2%).<\/p>\n<div id=\"attachment_122550\" style=\"width: 744px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122550\" class=\"size-full wp-image-122550\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_18-PM.png\" alt=\"Messari: Asia remains the epicentre of cryptocurrency market activity\" width=\"734\" height=\"404\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_18-PM.png 734w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-2021-2_18-PM-300x165.png 300w\" sizes=\"auto, (max-width: 734px) 100vw, 734px\" \/><\/p>\n<p id=\"caption-attachment-122550\" class=\"wp-caption-text\">Data: Messari.<\/p>\n<\/div>\n<p>In addition to leading positions in Bitcoin hash rate, China is home to the largest crypto exchanges Binance, Huobi, OKEx and OKCoin. Collectively they hold as many bitcoins as Coinbase.<\/p>\n<div id=\"attachment_122551\" style=\"width: 745px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122551\" class=\"size-full wp-image-122551\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-20_18-PM.png\" alt=\"Messari: Asia remains epicentre of cryptocurrency market activity\" width=\"735\" height=\"413\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-20_18-PM.png 735w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-20-20_18-PM-300x169.png 300w\" sizes=\"auto, (max-width: 735px) 100vw, 735px\" \/><\/p>\n<p id=\"caption-attachment-122551\" class=\"wp-caption-text\">Data: Messari.<\/p>\n<\/div>\n<p>Hong Kong has been chosen as the jurisdiction by the largest crypto-derivative exchanges: FTX, BitMEX, OSL and leading funds. The reason is a broad base of institutional and wealthy private clients, low tax rates, and specialists with investment backgrounds.<\/p>\n<p>According to Chainalysis, as of June 2020 Asia accounted for 43% of the $296 billion in cryptocurrency transactions. The figure equals the combined activity of the United States and Europe.<\/p>\n<div id=\"attachment_122552\" style=\"width: 744px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-122552\" class=\"size-full wp-image-122552\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-22021-2_19-PM.png\" alt=\"Messari: Asia remains epicentre of cryptocurrency market activity\" width=\"734\" height=\"273\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-22021-2_19-PM.png 734w, https:\/\/u1f987.com\/wp-content\/uploads\/Clipboard-January-22021-2_19-PM-300x112.png 300w\" sizes=\"auto, (max-width: 734px) 100vw, 734px\" \/><\/p>\n<p id=\"caption-attachment-122552\" class=\"wp-caption-text\">Data: Messari.<\/p>\n<\/div>\n<p>Earlier, the Chinese authorities prohibited citizens from buying foreign currency up to $50,000 per year. Capital controls have boosted the popularity of stablecoins, especially Tether (USDT).<\/p>\n<p>In South Korea, every third investor adds cryptocurrencies to their portfolio. Japanese banks are investing in the industry, promoting the idea of issuing security tokens.<\/p>\n<p>Earlier, Jump Capital analysts named <a href=\"https:\/\/u1f987.com\/en\/news\/study-finds-india-indonesia-and-mexico-the-most-promising-countries-for-cryptocurrencies\">India and Indonesia<\/a> among the most promising countries for cryptocurrencies.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia accounts for 43% of global crypto transactions, 70% of Bitcoin hash rate, and six of the ten unicorns, according to Messari&#8217;s review.<\/p>\n","protected":false},"author":1,"featured_media":35070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[871,133,135,1138],"class_list":["post-35069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asia","tag-china","tag-japan","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35069"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35069\/revisions"}],"predecessor-version":[{"id":35071,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35069\/revisions\/35071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35070"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}