Cryptocurrency trading volumes are increasing in the Asian region, while decreasing in the US and Europe. Asian countries such as Singapore, Japan, South Korea, and Hong Kong are attracting crypto investors and marketplaces with less uncertainty and new regulatory regimes. Bitcoin trading is up during Asian hours and down during US and European hours. In this case, it is effective that Asia presents less uncertainty for institutional investors. Uncertainties in the US and the restriction of crypto trading in countries such as China and India make Asia a major hub for crypto trading. It is anticipated that Asia is a major market for new users and trade will continue to shift from the US and Europe to Asia. As cryptocurrency regulations advance in Europe, the EU-wide Crypto Asset Markets regime will come into effect in 2024 and the UK is also regulating activities popular in the industry more tightly.


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