Asia dominates the global crypto market—right now, the Asian region accounts for around 70–71% of all global crypto trading volume reddit.com+6binance.com+6ccn.com+6.
🌏 Asia's Role on Binance
This month, Asia oversaw about $212 billion in crypto trades, which is 70.57% of global volume binance.com.
In 2023, Asia represented 35% of Binance’s global user base tokenpost.com+9coinlaw.io+9reddit.com+9.
Meanwhile, 45% of Binance’s global users are based in Asia, with significant growth in India, South Korea, and Vietnam .
Regional Snapshots
🇰🇷 South Korea
Binance commands a staggering 96.9% of Bitcoin trading volume in South Korea en.wikipedia.org+15cryptoslate.com+15tokenpost.com+15.
However, local exchanges (like Upbit, Bithumb) are steadily growing.
🇨🇳 China
China remains Binance’s single largest country market, responsible for about 20% of Binance's global trading volume reddit.com+3cryptoslate.com+3reddit.com+3beincrypto.com+1reddit.com+1, often via P2P and VPNs to bypass restrictions.
🏦 Other Asian Regions
Central/Southern Asia & Oceania—led by India, Vietnam, Philippines, Pakistan—account for nearly 20% of global crypto activity crypto.newsbinance.com.
Binance has been pursuing localized expansions, including regulated platforms in Thailand (Gulf Binance), Malaysia, and others reddit.com.
Why Asia Leads
Massive population + high adoption
Asia holds 60% of global crypto users, with India ranking 1st, Indonesia 3rd, Vietnam 5th according to Chainalysis tokenpost.com+15reddit.com+15reddit.com+15.
Centralized exchange preference
Over 37% of global CEX traffic originates from Asia, with Binance topping the list binance.com+12reddit.com+12reddit.com+12.
Strong demand in derivatives and altcoins
Regional demand sparks high activity in leveraged trading, futures, altcoins—especially in South Korea (altcoin pumps!) .
Time-zone effect
Local market opening hours still produce noticeable volatility and volume shifts reddit.com+1reddit.com+1beincrypto.com+2reddit.com+2reddit.com+2.
📊 Summary Table
MetricValueAsia’s share of global crypto trading70–71%Binance’s global user base in Asia~35–45%Binance share in South Korea~97% of BTC volumeChina’s share of Binance volume~20% of global volume
Implications for Traders
Liquidity & opportunity: High trading volume equals deep markets and fast execution.
Trend originators: Asia often leads on altcoin movements—great window for early signals.
Time-zone strategies: Asian sessions can offer unique volatility compared to U.S./European hours.
🔚 In Summary
Asia is by far the most active region in global crypto trading. Binance captures an outsized share of this activity—especially in countries like China and South Korea. If you're trading futures, altcoins, or riding volatility, keeping an eye on Asia—its markets and timezone shifts—is essential.