East Asia Rises as the Sixth Largest Cryptocurrency Economy Chainalysis South Korean and Hong Kong Institutions as Key Drivers
Chainalysis, a cryptocurrency analytics firm, recently published a research report titled “East Asia: Institutional Driving Adoption in South Korea and Hong Kong.” The report indicates that East Asia is set to become the sixth largest cryptocurrency economy globally by 2024, with the participation of institutions and professional investors being a key factor in achieving this milestone. It further states that South Korea remains the leader in the East Asian market, while Hong Kong possesses a unique legal and regulatory framework that is expected to open the closed doors of the Chinese cryptocurrency market.
