It was reported by Chainalysis, one of the largest blockchain data research company that the crypto market has grown drastically in Asia. In just a year, the market saw a growth of 706% increase, representing 14 percent of all crypto transactions around the world.
The recent report of the research company indicates that the crypto market of Central and Southern Asia and Oceania, CSAO, received as much as $572 billion in just a year, from July 2020 to June 2021.
It was also noted that CSAO represented the fastest-growing regions around the world, having a 2 percent increase in global crypto activity.
The Chainalysis index for the adoption of cryptocurrencies also included numerous countries from CSAO, with the top three of the index being Vietnam, India, and Pakistan. Other countries made it on the list too. For example, Thailand was number 12, and the Philippines was number 15.
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