Krypto flourishes in Vietnam with 16.6 million owners (report)

Krypto flourishes in Vietnam with 16.6 million owners (report)

The "Vietnam Crypto Market Report 2022" revealed that 16.6 million Vietnamese have digital currencies, with Bitcoin being the most popular.

Another study carried out by Chainalysis placed the Asian country with a score of 1,000 as a world leader in the introduction of cryptocurrencies.

Very close to the top

The studies, reported from a local media company that bought 16.6 million Vietnamese cryptocurrencies (about 17 % of the country). 31 % of them have invested in Bitcoin, which makes it the most popular digital asset.

showed that Thailand is the only country with more Hodlern than Vietnam in the Association of Southeast Asian Nations (ASEAN).

Apart from a considerable number of crypto investors, Vietnam also houses several blockchain projects that mainly focus on Gamefi (Game Finance), NFTS or Web3.

Vietnamese founded seven of the 200 largest blockchain organizations worldwide, including Axie Infinity, Coin98 and Kyber Network, to just give a few examples. Axie Infinity is one of the most popular blockchain-based games and reached a maximum of almost three million users in early 2022. The user base fell to less than a million in the following months before it reached a climax in early 2023.

The game suffered a difficult setback in March last year after the North Korean Hacking collective-the Lazarus Group- drained improves its security policy and resumed operations three months later.

according to Chainalysis a global market leader

"The 2022 Global Crypto Adoption Index", a study carried out by Chainalysis, Data Preserver-Spaces = "True"> Span Data Preserver-Spaces = "True"> Vietnam is the leading When introducing cryptocurrencies and reaches a score of 1,000. The platform claimed that a reason for this success could be the high level of interest in blockchain-based games in the region. It is worth noting that Vietnam also took first place in the 2021 investigation.

The Philippines-another country in Southeast Asia-took second place with 0.753, while the Ukraine torn by the war took third place.

Most nations in the top 20 list included economies with low medium-sized incomes, such as Nigeria and Indonesia, and economies with upper middle incomes (Argentina, Brazil, Turkey).

Two of the world's superwirts-the United States of America and the United Kingdom-also found their place and took 5th and 17th place.

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