Even after a recent pullback, cryptocurrencies are some of the best performing assets this year — and demand from Asia-Pacific retail investors has been a major engine of the rally.
There’s a lot going on in the region. Hong Kong just listed a batch of cryptocurrency exchange-traded funds and Australia plans to bring the products to the country’s largest stock market. Singapore, meanwhile, is racing to become a hub for digital currencies, while elsewhere esports and web3 blockchain technologies are soaring in popularity.