Recently, Messari Crypto researcher Mira Christanto published a report detailing the Asian cryptocurrency landscape, as 60% of the world’s population lives in this region. Cristanto’s research shows that six of the top ten cryptocurrency unicorns are found in Asia. Moreover, 98% of ether futures and 94% of bitcoin futures are from Asia.

Asia’s financial landscape is in turmoil

As for cryptocurrences, Asia has a large number of cryptocurrency users, companies, miners, traders, etc. Mira Christanto, a researcher in monetary cryptology and block strings at messari.io, explains that Asia has a history of dictators, currency devaluations and capital controls – all ripe for disruption. According to Crystanto’s latest data, Asia is probably the most active market for monetary cryptocurrency.

Their recently published study, Asia’s Crypto Landscape, covers the major exchanges, funds and market makers that define cryptocurrency in China, Japan, Korea, Hong Kong, Singapore and Southeast Asia, commenting on regulatory and investment trends. Countries such as China, Japan, Hong Kong, India, South Korea, Singapore, the Philippines, Thailand, Indonesia, Vietnam and Malaysia are covered in this 98-page study.

Large cryptocurrencies such as China, Japan, Korea, Hong Kong and Singapore have large cash reserves, while other countries have great potential for expansion, Cristanto said in the report. The nature of traditional finance has played a key role in the adoption of cryptocurrency: Capital controls have prompted investors to adopt cryptocurrencies in China and South Korea, while low yields have led to cryptocurrency adoption in Japan, she added.

By the end of 2019, six of the world’s top ten cryptocurrency companies will be in Asia, according to Christanto data. From the age of 12. By January 2021, 42% of the market capitalization of the first 20 head offices will be in Asia. Asia plays an important role in cryptocurrency markets for several reasons.

Cristanto’s report continues:

Each country has its own nuances, but influencing factors include high penetration of public investment in the market, a high-tech pedigree, WiFi penetration, high penetration of electronic payments, a propensity for gambling, and a high percentage of computer science graduates. Moreover, the development of Asia as a financial center has contributed to the advancement of high technology. Japan, Shanghai and Hong Kong are among the five largest stock exchanges in the world.

Cryptographic landscapes in Asia

Some highlights of Cristanto’s curriculum:

• Binance, Huobi and Okex together have about the same amount of bitcoin ownership as Coinbase.
• Hong Kong is home to some of the industry’s largest crypto-derivatives companies.
• Japan is a unified market, with the largest retail currency sector, accounting for one-third of all retail currency fluctuations and contracts for difference (CFDs).
• South Korea is the country with the largest number of cryptocurrency investors, with one-third of the workforce investing in cryptocurrency.
• Singapore is one of the weakest Asian markets for specific encryption regulations, although it is stringent in terms of AML, KYC and FATF travel controls.
• The Philippines is the fourth largest country in terms of the number of workers receiving money from abroad.

The results of the Crypto Landscape in Asia study also show that there are thriving landscapes in many Asian countries for a variety of reasons. Vietnam’s capital controls, for example, mean that the spot market for cryptocurrency is operating in a vacuum, Cristanto said. The Vietnamese market is focused on retail, the report said, and when bitcoin prices are volatile, the Vietnamese market lags a few days behind.

In Malaysia, Luno is the country’s leading stock exchange as the company, which was founded in Cape Town, South Africa, in 2013, dominates there along with Singapore. Christanto and messari.io also received help for their research from Blockdaemon, an independent blockchain infrastructure platform.

Mira Christanto’s research report on the Asian crypto landscape can be read in full here.

What do you think of Cristanto’s 98-page study of the Asian crypto landscape? Let us know what you think in the comments below.

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