South Asian Crypto Investors are Cautious 6i3g2o Demand Advanced Crypto Awareness, Survey Shows

Binance surveyed over 29,800 cryptocurrency s across Southeast, South, and East Asia. 1x6e42

Written by David Delima | Updated: 28 April 2025 18:20 IST

South Asian Crypto Investors are Cautious, Demand Advanced Crypto Awareness, Survey Shows

Photo Credit: Binance 2h6y33

Binance said that the overall crypto market in Asia no longer belongs to “newcomers”

Highlights

Binance is touted as the largest crypto exchange in the world
The exchange recently acquired its FIU registration in India
Its report noted that Asian investors maintain modest portfolios

ment

The crypto market in countries like India and Sri Lanka are maturing at a rapid pace, according to a survey by Binance. The exchange says that the demand for advanced security measures is intensifying in Asia's crypto markets, where investors are cautious and frequent in their engagements with volatile crypto assets. India, Vietnam, and Thailand are among Asian nations that have taken a keen interest in exploring the crypto sector in recent years. While these countries are still working on their respective crypto regulations, their citizens continue to dabble with these volatile assets. Binance has advised Web3 firms to develop security solutions tailored to address the needs of Asian crypto markets.

Around 28 Percent of Asian Crypto s Are 'Newcomers' 221z60

crypto market in Asia no longer belongs to the “newcomers”, the exchange noted. Only 28 percent of Asian crypto s were still within the first six months of starting their crypto investment journey, while 72 percent of crypto holders have been familiar with the sector for over a year or two.

“This blend of newcomers and seasoned s signals an ecosystem in transition: evolving from speculative interest to sustained participation,” Binance observed. Most Asian crypto s have carefully maintained modest portfolios of under $10,000 (roughly Rs. 8.50 lakh), indicating at a mindful approach to purchasing these unstable assets. Over 64 percent of the total number of respondents reported visiting crypto services several times a week.

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Over half of the respondents expressed the desire to participate in platform-organised anti-scam simulations like phishing detection tests. “To enhance trust and understanding, respondents suggested improvements in anti-scam education content on platforms. Key areas for improvement include simplifying technical content (63.7 percent), increasing the frequency of notifications (39.3 percent), incorporating localised case studies (36.4 percent), and diversifying interaction methods (26.7 percent),” the report said. “This indicates a strong appetite for practical, gamified education, particularly if tied to rewards or recognition.”

Asian countries are trying to keep up with the ongoing crypto exploration drive in other global regions like the UAE, the EU, and the USA. India has consistently topped crypto discussion paper that is being worked out by the finance ministry, which will likely clarify India's stance on the sector.

In India, crypto incomes are taxed by 30 percent, while a one percent tax deducted at source (TDS) is levied on each crypto transaction. Crypto advisors in India, meanwhile, are accelerating efforts to train law enforcement agencies around probing Web3 crimes. The crypto sector is also formulating self-regulatory guidelines to keep the industry healthy as it awaits comprehensive legislation in the world's most populous country.

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Vietnam are also taking active steps to spread awareness and knowledge around cryptocurrencies, while tightening the noose around illegal crypto operations to prevent the risks of fraud and financial losses. Pakistan recently established a national crypto council, with Binance co-founder Changpeng Zhao appointed as its principal advisor.

Binance's Bader Al Kalooti has acknowledged that South Asian crypto s are serious, discerning, and increasingly security conscious. “They're tech-savvy individuals engaging with crypto exchanges multiple times a week, even daily. They're building knowledge, not just portfolios. What they're asking for isn't hype or high-risk speculation—they're demanding trustworthy platforms, transparent protections, and interactive education,” he said.

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Further reading: Vietnam

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at [email protected]. More