Cryptocurrencies are becoming increasingly popular in South East Asia. A recent survey commissioned by Finder.com reveals that Vietnam tops the chart in crypto adoption. Over 42,000 people from over 27 countries including Europe, Asia and the Americas participated in the survey.
Of all the 27 countries, over 41% of the participants from Vietnam confirmed that they had purchased cryptocurrencies. The most popular amongst Vietnamese crypto users is Bitcoin. Over 20% said that they had purchased Bitcoin (BTC).
The report also finds that Bitcoin remains popular globally amongst crypto users. South Asian countries are found to be the top adopters with more and more people using crypto.
The finder report states: “Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees.”
Apart from Vietnam, other countries that are having high levels of crypto adoption according to the report are Indonesia, India, Malaysia and the Philippines. About 30% in Indonesia and India said they had purchased crypto. 29% and 28% of respondents in Malaysia and the Philippines respectively said that they had purchased crypto.