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In 2024, crypto startups in Asia and Africa reached unprecedented levels. They even surpass the United States and Canada. This trend is largely due to American regulatory uncertainties as well as the growing adoption of cryptocurrencies in emerging markets.
Rise of Crypto Startups in Asia and Africa: The Numbers Don’t Lie!
The data compiled by the Alliance accelerator shows that the share of crypto startups in Asia and Africa has significantly increased this year.
- Asia now represents 26.8% of new startups.
- Africa has reached 5.2%.
This growth is fueled by increased adoption of digital assets on these continents, benefiting from booming emerging markets.
“Digital asset applications are experiencing growing adoption in emerging markets.”
Qiao Wang and “Chloexyg” from Alliance DAO
Europe Leading New Crypto Startups
According to the report from Alliance, Europe surpasses the United States and Canada by holding the top spot for new crypto startups. Its share represents 31.4% in the first half of 2024. This European dominance can be explained by more favorable policies towards innovation and blockchain.
In contrast, the uncertainty related to American regulations (notably the SEC’s approach) has led many founders to seek opportunities elsewhere.
What About Crypto Startups in the United States?
In the United States, crypto startups are facing increasing challenges due to strict regulations imposed by the SEC. This approach has prompted companies like Phoenix Wallet and Wasabi Wallet to leave the American market.
That’s not all! The number of founders from major tech companies has also dropped by over 15 percentage points since 2021. This trend reflects a loss of confidence in the innovation climate in the United States.
The data reveals an important fact: The dynamics of crypto startups are changing rapidly. For cryptocurrency investors, understanding these trends is crucial to seizing opportunities in emerging markets.
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Je m’appelle Ariela et j’ai 31 ans. J’oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n’ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c’est un univers qui m’intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d’en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
