According to the authors, the global crypto trading market cap reached $54 trillion in 2021, with significant potential to grow further.
Crypto is here to stayThe analysis argues that crypto adoption is still at its very early stages.
In 2021, emerging economies and advanced APAC countries had accounted for one-third of global spot trading volumes and around 40% of global derivative trading volumes.
APACThe southern regions of Asia Pacific, such as Vietnam, Thailand, and India, account for 2-3% of the global crypto trading.
Other findingsAccording to the report, increasing institutional participation, the rapid development of web3, and increasing crypto adoption in emerging markets are the three most effective macro factors that improve crypto adoption.
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