Asia is leading global cryptocurrency adoption among retail investors, with Vietnam, India, and Pakistan seeing the highest growth driven by peer-to-peer monetary systems, according to a new study by Chainalysis, a crypto analytics firm.https://www.msn.com/en-us/money/markets/asia-is-leading-global-crypto-adoption-among-retail-investors-with-vietnam-india-and-pakistan-seeing-the-highest-growth/ar-AANsTtn?ocid=BingNewsSearch
Worldwide, global crypto adoption has risen by more than 881% in the past year for various reasons, the study found.
For emerging markets, the growth was been spurred by the number of people turning to cryptocurrencies to preserve their savings amid a surge in inflation and to send and receive remittances from relatives overseas, the study said.
For more mature markets such as North America, Western Europe, and East Asia, the increasing adoption has been powered largely by institutional investors, the study added.
“In a year when cryptocurrency prices rose dramatically, each region’s respective reasons to embrace the asset class seem to have proven compelling,” the study said. RE MSN Asia is leading global crypto adoption among retail investors, with Vietnam, India, and Pakistan seeing the highest growth (msn.com)