Singapore, Singapore, January 9, 2025, PakGazette
Foresight Ventures, the first and only cryptocurrency-focused venture capital bridging East and West, and Primitive Ventures, a frontier support investment firm that believes in financial populism and technolibertarianism, today launched their report “GTM in Asia” . This comprehensive analysis explores Asia’s vibrant crypto markets and offers essential guidance to address the region’s unique challenges and opportunities.
Asia is the heart of the global crypto ecosystem and represents 60% of cryptocurrency users around the world and provides the majority of global liquidity. The region’s dynamism arises from its diverse cultural philosophies, economic structures and behavioral nuances.
Key findings highlight:
- Regional domain: Five of the top 10 countries in the 2024 Global Cryptocurrency Adoption Index are located in Asia, including India, Indonesia and Vietnam. This reflects the unparalleled adoption of cryptocurrencies in the region, driven by CEXs and price-sensitive communities.
- Wealth Disparities and Behavioral Trends: APAC’s socioeconomic diversity fuels mainstream behaviors such as airdrop farming and meme-based speculation, underscoring opportunities for customized crypto products.
- Global Connectivity: Asia’s internal trade and capital flows highlight its interconnectedness: 57% of intraregional trade and 55% of FDI inflows reinforce the region’s cohesion.
This collaborative report highlights Foresight Ventures and Primitive Ventures’ distinctive expertise in bridging East and West.
Forest Bai, co-founder of Foresight Ventures, noted:
“The international division of labor in the Web3 industry is even more critical compared to traditional Internet sectors. Asia stands as a major hub for cryptocurrency innovation, users, and trading markets. “Through this report, we aim to highlight the diverse cultural and market characteristics of Asia.”
Dovey Wan, founder of Primitive Ventures, emphasized the global-local paradox in cryptocurrency adoption:
“More than 50% of Americans do not have passports, 80% of Chinese have never traveled abroad, and even in the EU, only ~40% of citizens have ventured beyond its borders. While cryptocurrencies are inherently global, humans are naturally local and tribal, making global thinking rare and challenging. As multi-cycle players with a truly global team, Primitive is committed to closing these gaps.”
Country-Specific Report Highlights
- Porcelain: Despite regulatory hurdles, cryptocurrency adoption is thriving in OTC markets and DeFi platforms. Hong Kong serves as a crucial gateway, demonstrating the resilience of Chinese crypto participants.
- South Korea: A highly liquid marketplace driven by retail investors and local platforms like Upbit, with strong integration into the Kakao ecosystem.
- Singapore: A global hub for innovation, benefiting from clear regulatory frameworks and a high cryptocurrency ownership rate (24.4%).
- Vietnam: A rising star in GameFi and blockchain education, driven by initiatives like the Vietnam Blockchain Association and successful projects like .
- Philippines: Leader in blockchain remittances, leveraging its English-speaking diaspora and strong gaming culture.
To view the full GTM report, download the full report here: LINK
About pension companies
Foresight Ventures is the first and only crypto VC bridging East and West. With a research-based approach and offices in the US and Singapore, they are a powerhouse in cryptocurrency investment and incubation. Its main media network includes The Block, Foresight News, BlockTempo and Coinness. Foresight Ventures invests aggressively in the most daring innovations. are dedicated to partnering with visionary projects and world-class teams to help them succeed, reshaping the future of digital finance and beyond.
For media requests, please contact [email protected].
About Primitive Ventures
Primitive Ventures is a multi-strategy investment firm led by industry veteran Dovey Wan. The firm believes in the cypherpunk spirit as a driving force behind financial populism and technolibertarianism. Over the past 10 years, Primitive Ventures has incubated and invested in over 50 unicorn protocols and on-chain economies, making it a trusted partner for the next generation of decentralized economy leaders.
For media requests, please contact [email protected]
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