Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

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.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
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
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
×