Kyros Ventures partners with BingX to release the 2024 Vietnam Cryptocurrency Market Report

December 24, 2024 – Ho Chi Minh City, Vietnam

Kyros Ventures, a leading blockchain technology incubator in Vietnam, has partnered with global cryptocurrency exchange BingX to launch the highly anticipated edition. Vietnam Cryptocurrency Market Report 2024. This report, now in its fifth year, provides a detailed analysis of Vietnam’s evolving cryptocurrency landscape and provides key insights into investor behavior and market trends.

This partnership underscores a shared commitment to providing actionable data and fostering innovation in one of the world’s most dynamic cryptocurrency markets. The issuance comes at a critical time, as the global cryptocurrency industry reaches new heights, and Vietnam consolidates its position as a major player in this transformative space.

The year 2024 has been a transformative year for the global cryptocurrency market. Key events, with Bitcoin surpassing $100,000 in December and broader institutional adoption through ETFs, set the stage for unprecedented growth. Vietnam has mirrored this global enthusiasm, with more than 50% of investors surveyed reporting profits from cryptocurrency investments over the past year.

Alex Nguyen, BingX spokesperson in Vietnam, emphasized the importance of the report in highlighting the resilience and innovation of the cryptocurrency community in Vietnam.

“The report showcases the ambition and growing influence of Vietnamese investors in the global digital economy. As blockchain continues to revolutionize industries, BingX is committed to fostering partnerships that strengthen the ecosystem.”

The report also highlights growing optimism among Vietnamese investors:

• 93.5% Expect altcoin season to arrive in 2025.
• 39% We expect Bitcoin prices to exceed $120,000 by mid-2025.

The report also highlights a cultural shift in investment strategies 80% of Vietnamese investors now rely on advice from friends and family – a significant increase from 65% The previous year.

One of the highlights of the 2024 report is Vietnam Blockchain and Cryptocurrency Map. This feature provides an in-depth look at blockchain companies and projects in Vietnam, painting a detailed picture of the country’s rapidly advancing cryptocurrency ecosystem.

The Vietnam Cryptocurrency Market Report 2024 predicts a bright future for the industry. With the Ministry of Finance preparing a legal framework for digital asset management, expected to be completed by May 2025, the Vietnamese market is poised for sustainable growth.

Jenny Nguyen, Chief Operating Officer of Kyros Ventures, expressed optimism about regulatory progress in Vietnam.

“The possibility of legal recognition and regulation for blockchain and digital assets is closer than ever before. This will open up new growth opportunities for Vietnamese blockchain enterprises, positioning them as major players in the global market,” Nguyen noted.

Amid bullish sentiment for 2024 and beyond, the insights in this report serve as a valuable guide for investors, entrepreneurs, and policymakers seeking to navigate this rapidly evolving market.

About Kiros Ventures

Kyros Ventures is a leading incubator for early-stage blockchain and cryptocurrency projects in Vietnam. Built on the foundation of Coin68, the largest cryptocurrency media outlet in Vietnam, Kyros Ventures leverages its experience and network to help blockchain projects establish credibility and scale in the Vietnamese market.

About BingX

Founded in 2018, BingX is a global cryptocurrency exchange serving more than 10 million users around the world. BingX provides a range of services, including spot trading, derivatives, copy trading and asset management tools, specifically designed to meet the needs of novice and experienced traders.

In 2024, BingX became the main partner of Chelsea Football Club, strengthening its presence in the global financial and sports sectors. For more information, visit ping x location.

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Chrissy Chow, Director of Business Development at Kyros Ventures