The cryptocurrency market, which has been volatile for the past two years, continues to attract the attention of the wealthy in Hong Kong and Singapore.
Interest in cryptocurrencies is increasing day by day on the Asian side. Hong Kong and Singapore in particular maintain their presence in this field with their nationwide work. On the Hong Kong side, a license was granted to the Gateio exchange in recent months. Singapore, on the other hand, granted a license to a powerful cryptocurrency exchange this month.
Asian Countries and Cryptocurrency
Bitcoin (BTC), which is seen as the leader of cryptocurrencies, continues to spread in the Asian region. In particular, countries have entered into competition for Bitcoin mining. Increasing adoption attracts the attention of Asian people in terms of investment.
In the past months, a Hong Kong billionaire was planning to invest $200 million in cryptocurrencies. This increasing interest in the Asian region is growing day by day. The majority of family organizations (FO) and high-net-worth individuals (HNWI) in Hong Kong and Singapore have turned to cryptocurrencies.
According to a report, 92 percent of respondents in this region are warmly attracted to cryptocurrencies. Also, about 58 percent of FOs and HNWIs have invested in cryptocurrencies. 32 percent of these rich Asian groups will turn to cryptocurrencies for investment purposes in the future.
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