Asia Drives Crypto adoption according to recent report.

[MarvieJ]

Been looking into some reports and one thing’s clear, Asia is running the crypto game right now. Like, 60% of all global users? Let that sit for a second. Add to that, 5 of the top 10 countries in crypto adoption are in Asia India’s literally #1, then you’ve got Indonesia, Vietnam, the Philippines, and Pakistan. And we’re not even talking about Singapore, Korea, Japan, or Malaysia yet.

https://foresightventures.com/research?details_id=71&details_type=research&keyValue


Honestly, it feels like while the rest of the world is still debating regulations, Asia’s already halfway to building the next crypto empire. I mean, you’ve got insane remittance use cases in places like the Philippines, the DeFi boom in Vietnam, and India just doing India things (aka dominating quietly but loudly).

Saw this tweet similar prediction from an industry leader where she opined Asia would lead the next wave of adoption, and bruh it’s happening. Feels like every time the Western markets pause to take a breath, Asia’s already flipped the script and moved ahead.

Curious though: does this analysis come as a shock to you and what's driving crypto adoption in the region..

[Bitcoin Smith]

Been looking into some reports and one thing’s clear, Asia is running the crypto game right now. Like, 60% of all global users? Let that sit for a second. Add to that, 5 of the top 10 countries in crypto adoption are in Asia India’s literally #1, then you’ve got Indonesia, Vietnam, the Philippines, and Pakistan. And we’re not even talking about Singapore, Korea, Japan, or Malaysia yet.

https://foresightventures.com/research?details_id=71&details_type=research&keyValue

Population of India might be a big contribution to this adoption but honestly it doesn't feel we are moving anyway forward speaking from the nations because the government is not that friendly with their crypto regulations for years and things are getting worse too, even recently the exchange called Bybit exited the Indian market due to regulation clause with FIU. And the only hope for change in the future is change in the government which isn't gonna happen for the next 4 years so we have some tough times ahead for our Indian crypto community.

Whereas China can be an interesting part, they found to be anti crypto most of the time meanwhile they encourage the big investors to invest from HK which they consider as part of their country too.

[SiliconHat]

Been looking into some reports and one thing’s clear, Asia is running the crypto game right now. Like, 60% of all global users? Let that sit for a second. Add to that, 5 of the top 10 countries in crypto adoption are in Asia India’s literally #1, then you’ve got Indonesia, Vietnam, the Philippines, and Pakistan. And we’re not even talking about Singapore, Korea, Japan, or Malaysia yet.

https://foresightventures.com/research?details_id=71&details_type=research&keyValue

Population of India might be a big contribution to this adoption but honestly it doesn't feel we are moving anyway forward speaking from the nations because the government is not that friendly with their crypto regulations for years and things are getting worse too, even recently the exchange called Bybit exited the Indian market due to regulation clause with FIU. And the only hope for change in the future is change in the government which isn't gonna happen for the next 4 years so we have some tough times ahead for our Indian crypto community.

Whereas China can be an interesting part, they found to be anti crypto most of the time meanwhile they encourage the big investors to invest from HK which they consider as part of their country too.

According  to the OP…Asians dominates 60% of the crypto market….that’s quite impressive. Honestly, never thought they would leave a mark after all the regulation issues they often go through caused by Bybit. Personally, i agree population has made dominance more exponential and maybe economy in general. Certain exchanges like Bitget have in one way or the other made crypto more accessible just like how it did in El Salvador. I think it’s hightime Asians realized they need to move on to other exchanges. I’m not against Bybit in any way but it the only exchange that i know with regulatory issues.

[Bitcoin Smith]

According  to the OP…Asians dominates 60% of the crypto market….that’s quite impressive. Honestly, never thought they would leave a mark after all the regulation issues they often go through caused by Bybit. Personally, i agree population has made dominance more exponential and maybe economy in general. Certain exchanges like Bitget have in one way or the other made crypto more accessible just like how it did in El Salvador. I think it’s hightime Asians realized they need to move on to other exchanges. I’m not against Bybit in any way but it the only exchange that i know with regulatory issues.

I can see what you are doing but I just wanna make it clear for anyone read your post.

Bybit didn't cause any problem and they are just fine, they are not okay with the policies from FIU which is why they are existing the Indian market but the same thing faced by the Binance recently while they managed to survive after paying a hefty fine to the government. Now about Bitget they are quite popular recently but they are not far away from tasting the same treatment from FIU.

[MarvieJ]

Been looking into some reports and one thing’s clear, Asia is running the crypto game right now. Like, 60% of all global users? Let that sit for a second. Add to that, 5 of the top 10 countries in crypto adoption are in Asia India’s literally #1, then you’ve got Indonesia, Vietnam, the Philippines, and Pakistan. And we’re not even talking about Singapore, Korea, Japan, or Malaysia yet.

https://foresightventures.com/research?details_id=71&details_type=research&keyValue

Population of India might be a big contribution to this adoption but honestly it doesn't feel we are moving anyway forward speaking from the nations because the government is not that friendly with their crypto regulations for years and things are getting worse too, even recently the exchange called Bybit exited the Indian market due to regulation clause with FIU. And the only hope for change in the future is change in the government which isn't gonna happen for the next 4 years so we have some tough times ahead for our Indian crypto community.

Whereas China can be an interesting part, they found to be anti crypto most of the time meanwhile they encourage the big investors to invest from HK which they consider as part of their country too.

Ikr, our population drives the numbers, but the regulations feel like they’re holding us back. Bybit leaving was a blow, and yeah, it’s hard to see major change happening soon with the current government. But honestly, the grassroots adoption here is insane. People find ways P2P, DEXs, or just quietly stacking sats. That resilience keeps the hope alive.

China’s approach is wild, though. Publicly anti-crypto but pushing big investments through Hong Kong? Classic double game, but it’s working for them.

Been looking into some reports and one thing’s clear, Asia is running the crypto game right now. Like, 60% of all global users? Let that sit for a second. Add to that, 5 of the top 10 countries in crypto adoption are in Asia India’s literally #1, then you’ve got Indonesia, Vietnam, the Philippines, and Pakistan. And we’re not even talking about Singapore, Korea, Japan, or Malaysia yet.

https://foresightventures.com/research?details_id=71&details_type=research&keyValue

Population of India might be a big contribution to this adoption but honestly it doesn't feel we are moving anyway forward speaking from the nations because the government is not that friendly with their crypto regulations for years and things are getting worse too, even recently the exchange called Bybit exited the Indian market due to regulation clause with FIU. And the only hope for change in the future is change in the government which isn't gonna happen for the next 4 years so we have some tough times ahead for our Indian crypto community.

Whereas China can be an interesting part, they found to be anti crypto most of the time meanwhile they encourage the big investors to invest from HK which they consider as part of their country too.

According  to the OP…Asians dominates 60% of the crypto market….that’s quite impressive. Honestly, never thought they would leave a mark after all the regulation issues they often go through caused by Bybit. Personally, i agree population has made dominance more exponential and maybe economy in general. Certain exchanges like Bitget have in one way or the other made crypto more accessible just like how it did in El Salvador. I think it’s hightime Asians realized they need to move on to other exchanges. I’m not against Bybit in any way but it the only exchange that i know with regulatory issues.

Asia dominating 60% of the crypto market is huge, and like you said, population and economic factors definitely play a big role. The regulations have been a hurdle, but what’s interesting is how resilient the community is people are shifting to exchanges that can actually adapt and thrive in this environment.

Exchanges like Bitget have really stepped up, not just in Asia but globally, by making crypto more accessible and user-friendly. It’s that flexibility that’s helping the region push forward despite all the challenges. Still thinking if regulatory pressure still slow things down long term

[moderator's note: consecutive posts merged]

[thefreethinker]

I'm not surprised of your analysis, I strongly agree with you and the points stated. It's evident that Asia is in the forefront of adopting this technology, I have seen this among Indians, Pakistanis and Bangladeshis among others. But then again, China is always in the forefront in policy implementation that are perceived to be totally unfriendly to the space.

[Porfirii]

Looking at the population of the countries mentioned, even if Southeast Asia is one of the most unbanked regions of the world; or who knows, maybe thanks to it, it was just a matter of time.

India is about to beat China's population, and I have been surprises to see the population of Indonesia, which will reach the 300k soon at this pace (I thought it was much smaller).

Now I understand why the Indonesian and Filipino local boards are among the most active of the forum. Kudos!!

[Bitcoin Smith]

India is about to beat China's population, and I have been surprises to see the population of Indonesia, which will reach the 300k soon at this pace (I thought it was much smaller).

Wake up to the reality, India is already the country with highest in terms of population.

Countries in the world by population (2025)

Back to the topic, the adoption rate in India is not as expected due to the government policies of imposing heavy taxes such as 30% capital gains and 1% TDS and this will likely to remain the same for atleast next 4 years.

[Porfirii]

India is about to beat China's population, and I have been surprises to see the population of Indonesia, which will reach the 300k soon at this pace (I thought it was much smaller).

Wake up to the reality, India is already the country with highest in terms of population.

Countries in the world by population (2025)

Damn, I dreamed I had heard the news not long time ago, but I looked it up on Wikipedia before posting and it seems that data there were outdated (Although the tables are right, I looked at the infographic of 2018 displayed there).

Thank you for the update.

Back to the topic, the adoption rate in India is not as expected due to the government policies of imposing heavy taxes such as 30% capital gains and 1% TDS and this will likely to remain the same for atleast next 4 years.

I'm not very aware about Indian politics. Do you say so because there are still four years left in the current legislature, or what's the reason for this forecast?

[Vadym IP]

Yeah, we're going to see many things in the future, tailored to Asia. A couple of months ago, I started paying more attention to the region and tracking more local things everywhere.

More attractive digital nomad visas, so many crypto ATMs spreading all across the region, and other crypto adoptions. And it's even without mentioning other things like food, nature, etc. Regulation is another advantage. A great example is RWA, about which we've written here: https://www.info-polus.com/posts/real-world-asset-tokenization-blockchains-next-revolution

I've read somewhere that while Europe is fighting to try to regulate the crypto landscape, Asia is already implementing it. Still, as mentioned above in this thread, India and China attract our attention.

I agree that regulations in India are not the most attractive, but, if speaking about RWA again, for example, a significant share of the RWA segment TVL comes from tokenized private loans (private credit) issued by non-bank institutions. Residents of India, the Philippines and other developing countries have significant demand for private loans. My point is crypto is widely popular across the nations.