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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…
