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The global cryptocurrency market has recently shown signs of recovery from a prolonged bearish period. Industry experts have cited the positive news cycle in Asia as the primary reason for the rebound.
In particular, the Asian Tiger (aka SouthEast Asia) appears to be leading the charge. Backed by savvy big-money investors and ambitious startups, the region has become an attractive hub for digital currency investments.
The Asian-based investors have been particularly active in terms of investments in cryptocurrency platforms, projects and early-stage coin offerings. These strategic moves have enabled the region to solidify its position in the crypto market.
In addition, there are several projects located in the Asian region that are making strong progress in the crypto space. This includes the likes of OkCoin, Huobi, Binance, and more recently TOP Network. These platforms have all been built to offer fast, secure and low-cost trading solutions for investors and participants.
Further, the upcoming Initial Exchange Offerings (IEOs) taking place in the region have been grabbing much attention from the crypto-verse. Such offerings are designed to open new opportunities to start-ups and make it easier for them to raise funds. This, in turn, has made the region a favorable destination for high net-worth individuals seeking a high return on their investments.
In summary, the aggressive investments of big money in the Asian Tiger region is revitalizing the cryptocurrency market. The new initiatives, start-ups and investments coming from the region prove that there is no shortage of confidence when it comes to the prospects of the digital currency sector. All in all, it is likely that the region’s players will be at the forefront during the crypto market recovery.