The crypto world’s center of gravity is Asia. Big crypto-exchanges and companies operate in Europe and North America, but the majority of users are located in the Asia Pacific region, as are most of the world’s biggest exchanges and mining pools.
There are many reasons why this is the case. But experts speaking to Cryptonews.com argue that two reasons, in particular, stand out, namely regulations and existing financial infrastructure.
But there are also other factors at play, such as the fact that Asia benefits from a favorable energy environment for mining, as well as cost-effective IT resources.
However, these same experts suggest that Asian dominance could change soon, as crypto starts to enjoy more mainstream adoption – particularly when one takes into account where the leading cryptoasset and blockchain technology companies are based.