Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets.
The share of cryptocurrency startups launching in Africa and Asia increased to their highest levels ever in the first half of 2024, snatching share from the United States and Canada amid recent regulatory uncertainty.
According to a July 10 X article by blockchain startup accelerator and founder community Alliance, Europe overtook the US and Canada as the leading place for new cryptocurrency startups in H1, making up a 31.4% share, while Asia came third place with a 26.8% share.
Alliance DAO’s Qiao Wang and “Chloexyg" believe the trend could be due to regulatory uncertainties in the US and digital asset applications seeing more adoption in emerging markets.
