Asia-Pacific leads boom in crypto transactions amid regulatory hurdles: report
The trend reflects diverse use cases from remittances to gaming, but regulatory uncertainty could limit long-term potential, analysts say
The Asia-Pacific region has become the world’s fastest-growing hub for cryptocurrency transactions, with on-chain activity surging despite inconsistent oversight and varied pathways to adoption, according to a new report.
Analysts say the trend reflects not only diverse use cases – from remittances and savings to gaming and speculative trading – but also regulatory uncertainty across the region, which could limit long-term potential even as momentum builds.
The report, released on Wednesday by blockchain analytics firm Chainalysis, found that during the 12 months ending June 2025, Asia-Pacific had emerged as the fastest-growing region for on-chain crypto activity, with a 69 per cent year-over-year increase in value received.
Total crypto transaction volume in the region grew from US$1.4 trillion to US$2.36 trillion, driven by robust engagement across major markets including India, Vietnam and Pakistan.
Monthly on-chain value received grew from about US$81 billion in July 2022 to peak at US$244 billion in December 2024, a threefold increase over 30 months. Transaction volumes have since remained robust at above US$185 billion per month through mid-2025.
In contrast to North America, where cryptocurrency activity is largely driven by institutional investment, Asia-Pacific’s growth is fuelled by broader, more retail-oriented demand, according to Chengyi Ong, head of Asia-Pacific policy at Chainalysis.