According to a Chainanalysis report,poruno in the first half of 2021, Asia accounted for 28% of the overall $1.16 trillion global cryptocurrency transaction volume. Also, data from Messari shows that Asian markets accounted for 43% of global cryptocurrency activities with $296 billion in transactions between June 2020 and June 2021.
Last year, major Asian crypto news was dominated by developments in China. Not only China but other Asian countries also made the headlines, some of which are Indonesia and Singapore, for having clearer regulations regarding digital assets in their country.
Other than regulations, this rapid growth is also driven by decentralized finance (DeFi) innovation in Southeast Asia which is supported by increased fundraising and investment in projects. The presence of various communities that are available for various circles of society that provide information and education about crypto also plays a role in the development of progress
As the largest continent with the most population, Asia has huge potential and is primed to become the hub for crypto adoption in the world, as long as it has a good supporting ecosystem. The presence of international crypto events can be one of the steps toward the formation of this ecosystem. For that reason, Coinfest Asia is here.
Coinfest Asia is an industry event organized by Coinvestasi with a focus on the future of cryptocurrencies and the web3 in Asia. Held in a festival format, Coinfest Asia aims to be a platform for crypto asset enthusiasts, industry leaders, and executives to come together and discuss building the future of crypto assets and blockchain technology in Asia.