According to the Chainanalysis report, in the first half of 2021, Asia accounted for 28% of the total global cryptocurrency transaction volume of $1.16 trillion. Also, data from Messari shows that Asian markets account for 43% of global cryptocurrency activity, with $296 billion in transactions between June 2020 and June 2021.
Last year, crypto news was predominantly dominated by developments in China. Not only China, but also other Asian countries made the headlines with their regulations to have clearer regulations regarding digital assets in their countries. Besides regulation, this rapid growth is also driven by decentralized finance (DeFi) innovation, supported by increased fundraising and project investment in Southeast Asia. The existence of communities available to various circles of society providing information and education about crypto also plays a role in the developments.
Asia has great potential and is poised to become a crypto adoption hub in the world as long as it has a good supporting ecosystem. The existence of international crypto events could be one of the steps towards the formation of this ecosystem. For this reason, Coinfest Asia is working in this sense.
What is Coinfest Asia?
Coinfest Asia is an industry event by Coinvestasi focusing on the future of cryptocurrencies and web3 in Asia. Held in a festive format, Coinfest Asia aims to be a platform where crypto-asset enthusiasts, industry leaders and executives can come together and discuss to build the future of crypto assets and blockchain technology in Asia. The event will be held in Bali, Indonesia from August 25-26, 2022 and will be supported by Coindesk, Indonesian Blockchain Association (ABI), Indonesian Chamber of Commerce and Industry, Coingecko and Blockchain Association Singapore (BAS).
The two-day event will feature speakers who are experts in their fields on regulations, the crypto industry, DeFi, GameFi, NFT, Metavers and more.
For the first Coinfest Asia, Indonesia was chosen as the host for many reasons. Indonesia has the 4th largest population in the world and the 7th largest crypto user base globally. By 2021, crypto holders in Indonesia have reached 7.4 million people, an 85% increase compared to the total population, meaning there is still a lot of room for massive growth in the country. This is also in line with the fact that Indonesia is hosting this year’s G20 and could become the center of the digital economic transformation in Asia.
Speaking on the subject, Coinfest Asia Event Leader Dhila Rizqia said:
“We hope Coinfest Asia can open spaces for regulators, project founders and creators, developers and the community to connect with each other to create innovations for the better development of the crypto industry. In this way, the people of Asia, especially SEA, can benefit more from the digital world.”
Currently, Coinfest Asia is selling early-term tickets with a limited quota until July 15. If the ticket quota is exhausted, ticket sales will be closed. So what are you waiting for? Secure your Coinfest Asia tickets now!
coinvestasiAbout
Coinvestasi is a leading Indonesian media platform for events and information on cryptocurrencies, digital assets and blockchain technology, existing since 2017.
The latest information about Coinfest Asia can be found on the channel below,
Website: https://coinfest.asia/
Twitter: https://twitter.com/CoinfestAsia
Instagram: @CoinfestAsia
