Protocol Theory Partners with CoinDesk for Landmark 2025 APAC Crypto Research

Protocol Theory is proud to announce a renewed partnership with CoinDesk to deliver the 2025 APAC State of Crypto Report, following the success of last year’s groundbreaking study, Driven by Demand: The People-Powered Crypto Movement in Asia Pacific.

In 2024, our joint research revealed how crypto adoption in APAC is being fueled from the ground up by people — driven by belief, optimism, and practical need rather than top-down regulation. The findings reshaped industry understanding of adoption dynamics and established CoinDesk’s State of Crypto as one of the most influential thought leadership platforms in the industry.

The 2025 edition will build on that foundation with an expanded scope, deeper analysis, and new data-driven insights into the behaviors, motivations, and barriers shaping the next wave of users across the Asia-Pacific region.

“APAC continues to lead the world in crypto adoption, not just in numbers but in the energy and optimism of its people. We’re excited to once again bring evidence and insight to these dynamics and help CoinDesk spotlight the trends that will define the next chapter of global growth.”

The 2025 APAC State of Crypto Report will be published in November 2025, ahead of CoinDesk’s flagship Consensus Hong Kong event, and will serve as a definitive resource for industry leaders, policymakers, and innovators seeking to understand the forces driving digital asset adoption in one of the world’s most critical markets.