APAC Set to Drive the Next Wave of Global Cryptocurrency Expansion - Survey Findings

According to a recent survey conducted by Protocol Theory on behalf of CoinDesk, the Asia-Pacific region is uniquely positioned to spearhead the next phase of global cryptocurrency growth. This survey is part of CoinDesk's comprehensive report, Driven by Demand: The People-Powered Crypto Movement in APAC, which offers deeper insights into the region's crypto landscape. The report highlights that the region boasts a higher crypto adoption rate of 22%, surpassing the global average of 7.8%, driven by factors such as increasing internet accessibility, evolving regulatory frameworks, speculative interest, practical uses, growing awareness, and a belief in the future potential of cryptocurrencies. A survey of 4,267 individuals across key countries in the region found that half of the adults hold a somewhat or very positive view of crypto, indicating substantial potential for future expansion. Despite less than half of the regional population adopting crypto, 50% of adults are somewhat or very positive toward it. Furthermore, 27% hold neutral views, and 24% remain skeptical. However, there is a notable increase in positive sentiment, with 50% of respondents feeling more positive about crypto than they did a year ago, possibly influenced by recent market performance and the absence of major scandals. The report emphasizes the urgency for market players to capitalize on these favorable conditions responsibly. Additionally, over 60% of adults in the region believe digital assets will significantly impact the future of global finance and investment. As the region undergoes financial transformation, there is a grassroots-level interest in crypto, with over half of adults believing it will be used for everyday purposes. The report suggests that further adoption will be driven by practical benefits, such as making payments, cross-border transactions, and accessing financial services. Emerging markets show higher interest and adoption rates compared to more established financial jurisdictions, due to stronger underlying demand and effective enablers for crypto adoption.