Chainalysis said that Hong Kong dominates in large institutional crypto transactions compared to other Asian regions. Its data shows that 46.8% of Hong Kong’s annual crypto trades were institutional transactions exceeding $10 million, while retail trades under $10,000 accounted for just 4% of the City’s volume, marginally below the global average of 4.7%
Source: https://www.coindesk.com/business/2023/10/02/chainalysis-hong-kong-and-chinas-otc-markets-remain-active-despite-crypto-winter/?utm_medium=referral&utm_source=rss&utm_campaign=headlines