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Financial Services

Staff Reporter

, Hong Kong

Published:

1 year ago

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HK is 5th most crypto-ready market

The city’s crypto adoption rate is 16%.

Hong Kong ranked as 5th most ready market for crypto adoption. It is also the highest-ranking Asian market on the list.

Data from HedgewithCrypto showed that the crypto adoption rate in the city stood at 16% in 2022, an uptick from 11% in 2020.

Hong Kong also showed increased interest in crypto, with searches rising by 209% since 2020.

The report added that there are 7.6 crypto-related articles published for every 100,000 people in the city.

Apart from searches and adoption rate, Hong Kong’s crypto ATMs also soared since 2020, rising by a massive 152%. There are now 146 ATMs throughout the city.

Taking into account these three factors, Hong Kong received an overall crypto-ready score of 6.40 out of 10.

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