Asia is responsible for 60% of global cryptocurrency users, demonstrating a substantial role in the market’s liquidity. This dominance is further reinforced as Asian countries, including India and Vietnam, rank within the top 10 of the 2024 Global Crypto Adoption Index. This marks Asia as a leader in cryptocurrency adoption worldwide.

Centralized exchanges in Asia contribute to 37.1% of global traffic, showing strong engagement from the region. However, North America leads in decentralized exchange activity. Regulatory differences influence these preferences, with Asia’s centralized exchanges being more accessible compared to the decentralized platforms preferred in North America.

Despite bans, China’s cryptocurrency market continues to thrive. Chinese users actively bypass capital controls using stablecoins and DeFi platforms. A notable portion of engagement is seen in meme coins. This resilience indicates the market’s robust nature and the innovative approaches Chinese users are employing to navigate regulatory challenges.