Dick Thomas Johnson / Flickr

Investors living in Asian countries now contribute over 72% of all cryptocurrency trading volume, according to a recent report by Block0, an investment group focused on blockchainĀ projects.

According to the report,Ā Asian markets, including Hong-Kong, China, South Korea and Japan, made upĀ 58.1% of total trading volumes in Q4 2017 and have since jumped toĀ 77.2% (+19.1%) in Q2 2018. At the same time, U.S. trading activity droppedĀ from 30.2% of global volume in Q4 2017 to onlyĀ 12.7% (-17.6%) in Q2 2018.


The study also found that Asian investors, specifically South Koreans, tend to have more diverse portfolios that feature lesser-known altcoins versus their American and European counterparts.

In the first half of the year, Western investors hadĀ 53.0% of their USD, EUR, GBP invested in BTC whereasĀ South Korea investors hadĀ 34.3% of total KRW in Ripple (XRP) in Q1 2018 andĀ 32.9% of total KRW in EOS (EOS) in Q2 2018.

This data provides an interesting correlation to recent studies that found onlyĀ 8% of Americans currently invest in cryptocurrencies and that 41% say they would never consider investing in any digital currency.

While cryptocurrency investing is definitely considered a riskier asset class in the developed world, some nations are quickly adopting digital currencies and stablecoins as a means of escaping runaway inflation and the devaluation of their currencies.

Moving forward, digital currencies will definitely become a hot topic of discussion as they enter the world stage.

More:Ā Asian Investors Make It Rain
Similar: Tezos and NULS to Be Included in the Upcoming Chinese Blockchain Rankings
Photo:Ā Dick Thomas Johnson / Flickr

Disclaimer: This articleā€™s author has cryptocurrency holdings that can beĀ tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.