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Over the past year, from June last year to this year, the trading value of digital currencies and crypto assets in Vietnam is estimated to reach $220–230 billion. On average, over $600 million in digital currencies are traded daily, according to a recent report by market research firm Chainalysis.
Vietnam’s trading volume currently ranks third in the Asia-Pacific region, accounting for nearly 10% of the region’s total trading value, trailing only India and South Korea.
Over the past year, Vietnam’s trading volume has increased by 55%, which is lower compared to the triple-digit growth rates seen in other countries such as Japan, Indonesia, South Korea, and India.
According to experts, this indicates that cryptocurrency is becoming a popular investment channel in Vietnam, despite the legal framework for digital assets in the country still being under research and development.
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