Golden Finance reported that blockchain analysis company Chainalysis released an excerpt from its 2024 Cryptocurrency Geography Report on Tuesday, focusing on the latest cryptocurrency adoption trends in East Asia, especially South Korea and Hong Kong. The report pointed out that East Asia is the sixth largest cryptocurrency economy in the world, with an on-chain value of more than $400 billion between July 2023 and June 2024. This growth is mainly driven by institutional investors and professionals seeking alternatives to the traditional financial system. South Korea is the leader in the region, receiving approximately $130 billion in funds during the reporting period. At the same time, Hong Kong has positioned itself as a major cryptocurrency center thanks to its unique regulatory framework. The report emphasizes that institutional adoption in the region is increasing, thanks to the introduction of new regulations for virtual asset trading platforms in 2023.