Top Startups in the APAC Cryptocurrency Ecosystem

Old is gold: does the proverb still hold true in today’s world? In the FinTech industry, and especially in the cryptocurrency ecosystem, everything is new, but highly valued nonetheless. It was just about a decade ago that the first cryptocurrency was made public and since then, the market has grown massively. Research estimates that the overall cryptocurrency market is set to reach $1.40 billion by 2024. Between 2019-2024, it is expected to grow at a CAGR of 6.18%.

Although North America plays a major role in the cryptocurrency ecosystem due to its early adoption of the digital currency, the focus, with respect to the coming years, is on the Asia-Pacific (APAC) region. APAC has a significant chunk of the market, with 36% of all participants in the industry, and 27% of the cryptocurrency exchanges. In contrast, North America accounts for 27% of all participants and 18% of transactions. Moreover, owin ...

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