Unlocking Insights: Kyros Ventures & BingX Present Vietnam’s 2024 Crypto Report!

December 24, 2024 – Ho Chi Minh City, Vietnam

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Kyros Ventures, a trailblazer in blockchain incubation in Vietnam, has teamed up with the renowned global cryptocurrency exchange BingX to unveil the much-anticipated Vietnam Crypto Market Report 2024. Now in its fifth year, this comprehensive report offers an insightful analysis of the rapidly evolving cryptocurrency landscape in Vietnam, shedding light on critical investor behavior and market trends.

This collaboration underscores a mutual dedication to delivering actionable insights and nurturing innovation within one of the globe’s most vibrant crypto markets. As the global cryptocurrency industry scales new heights, Vietnam is firmly establishing itself as a formidable player in this revolutionary domain.

The year 2024 has been monumental for the worldwide cryptocurrency scene. With Bitcoin soaring past $100,000 in December and a surge in institutional adoption via ETFs, the stage is set for extraordinary growth. In tandem, Vietnam reflects this global excitement, with over 50% of surveyed investors celebrating profits from their cryptocurrency endeavors over the past year.

Alex Nguyen, BingX’s spokesperson in Vietnam, emphasized the significance of this report in showcasing the resilience and creativity of Vietnam’s crypto community.

“This report captures the ambition of Vietnamese investors, highlighting their increasing impact on the global digital economy. As blockchain technology continues to disrupt industries, BingX is committed to fostering partnerships that empower the ecosystem,” stated Nguyen.

The report also reveals a wave of optimism among Vietnamese investors:

• 93.5% are gearing up for an expected altcoin season in 2025.
• 39% foresee Bitcoin prices hitting over $120,000 by mid-2025.

A noteworthy highlight of the 2024 report is the Vietnam Blockchain and Cryptocurrency Map, which provides a deep dive into the country’s blockchain enterprises and projects, illustrating the rapid evolution of its crypto ecosystem.

The Vietnam Crypto Market Report 2024 paints an optimistic picture for the industry. With the Ministry of Finance gearing up to finalize a regulatory framework for digital asset management by May 2025, the Vietnamese market stands ready for sustained expansion.

Jenny Nguyen, Chief Operating Officer of Kyros Ventures, expressed excitement over the impending regulatory progress in Vietnam.

“The prospect of legal recognition and regulation for blockchain and digital assets is nearer than ever. This will unlock fresh growth avenues for Vietnamese blockchain firms, positioning them as pivotal players on the global stage,” Nguyen remarked.

With bullish sentiments for 2024 and beyond, the insights garnered from this report serve as a vital roadmap for investors, entrepreneurs, and policymakers eager to navigate this fast-paced market.

About Kyros Ventures

Kyros Ventures is at the forefront of nurturing early-stage blockchain and cryptocurrency initiatives in Vietnam. Drawing from its legacy as Coin68, the country’s leading crypto media outlet, Kyros Ventures uses its extensive expertise and network to enhance the credibility and growth of blockchain projects in Vietnam.

About BingX

Founded in 2018, BingX is a global cryptocurrency exchange catering to over 10 million users around the world. BingX offers a wide array of services, including spot trading, derivatives, copy trading, and asset management tools, designed to fulfill the needs of both new and experienced traders.

In 2024, BingX became the principal partner of Chelsea Football Club, further solidifying its position in the global finance and sports arenas. Visit BingX for more details.

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Contact

Kryssie Chau, Business Development Manager of Kyros Ventures