Saudi Press

Saudi Arabia and the world
Monday, Jun 23, 2025

Asian crypto sector expanding

Asian crypto sector expanding

Furthermore, a similar trend has been reported in terms of mergers and acquisitions. The US market’s dominance declined from more than 80% in the first half of 2018 to just 48% in the second quarter of this year.
There has been significant growth in cryptocurrency-related fundraising and merger and acquisition activity across Asia this year, showing the broader expansion and maturation of the digital-currency sector in the region. While most crypto deals took place in the Americas last year, 2019 has seen activity being driven by Asia-Pacific, the Middle East, Africa and Europe, according to a recent report published by PwC. Among the 125 deals that occurred in the first six months of this year, 58% were in the Asia-Pacific, the Middle East and Africa, with 41% in the Americas. However, in the first half of last year, the Americas represented 60% of activity, compared with 50% for Asia-Pacific, the Middle East and Africa. Cryptocurrency fundraising in the Asian market has risen significantly and accounted for 26% of deals in the second quarter of 2019. In contrast, the combination of M&A activity in Asia and Europe increased from 17% early last year to more than 50% currently. Taken as a whole, this would signal that the cryptocurrency sector is growing at a considerable rate, in Asia and indeed across the world. This is backed up by research. According to a report by CB Insights, total market capitalization of cryptocurrencies has doubled over the past nine months amid heightened corporate and institutional interest. As such, we can expect further substantial expansion of the cryptocurrency sector, predominantly due to large inflows of institutional investors. Governments, financial institutions, major corporations, universities and well-known investors will bring their institutional capital as well as knowledge, experience and expertise to the crypto-verse. Although the cryptocurrency market has been on this track for some time, there is a growing sense that institutional investors are getting ready to move off the sidelines before the end of this year and in the early part of 2020. As well as being borderless, making cryptocurrencies perfectly suited to the world of business, trade and people, they are also ideally matched to increasing levels of global digitization. We’re witnessing a growing sense of recognition around the world that digital currencies are the future of money. Cryptocurrencies are very much here to stay. As this recent PwC report indicates, the major growth in the cryptocurrency industry in Asia, and indeed globally, highlights that cryptocurrencies, particularly Bitcoin – the largest digital currency by market capitalization – are increasingly part of mainstream finance.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
×