Crypto's New Epicenter

Actions by US regulators throughout 2023 that tend to be unfriendly to the crypto industry have prompted several companies to start withdrawing and looking for safer areas. Asia welcomes this opportunity to become a friendlier and more profitable Web3 and crypto business environment for industry players and investors. Lennix Lai (Chief Commercial Officer, OKX) said […]

The post Crypto’s New Epicenter: Asia’s Rising Influence appeared first on Coin Edition.

Crypto's New Epicenter

Actions by US regulators throughout 2023 that tend to be unfriendly to the crypto industry have prompted several companies to start withdrawing and looking for safer areas. Asia welcomes this opportunity to become a friendlier and more profitable Web3 and crypto business environment for industry players and investors.

Lennix Lai (Chief Commercial Officer, OKX) said in a panel session at Coinfest Asia 2023 that discussion of crypto assets in the United States has decreased, and on the contrary, in Asia, there has been a surge in developments that are more accepting of crypto. According to him, this trend is supported by the fact that Asia has a significant share of the global cryptocurrency market and user base.

Apart from market trends and supported by a large population, Asia has at least three reasons why it deserves to be the new center for the world’s crypto and Web3 industries.

Web3 Economic Value Growth Potential in Asia

According to an Emergen Research report, the global Web3 market is expected to reach US$81.5 billion by 2030, with a CAGR growth of 43.7%. The Asia-Pacific region is projected to record the fastest income growth rate due to consistentl…

The post Crypto’s New Epicenter: Asia’s Rising Influence appeared first on Coin Edition.