Vietnam is the second-largest cryptocurrency market in ASEAN after Thailand, with transaction values exceeding $100 million annually, a new report has revealed.
It is followed by Singapore, the Philippines and Indonesia, according to a report by cryptocurrency data provider Chainalysis.
Vietnam, as well as Thailand and the Philippines, also record high web traffic to the non-fungible token markets, which can be explained by the large number of blockchain gamers, the report added.
About 25% of Filipinos and 23% of Vietnamese played the play-to-earn game, and at one point, Filipino players made up 40% of Axie Infinity’s Vietnam-based player base.
An earlier report by Chainalysis said that this is the second year that Vietnam has ranked highest in its cryptocurrency adoption index.
https://www.retailnews.asia/vietnam-crypto-trading-second-highest-in-asean/?utm_source=rss&utm_medium=rss&utm_campaign=vietnam-crypto-trading-second-highest-in-asean Vietnam’s crypto trade is the second largest in ASEAN