Crypto Platform AEX To Boost Vietnam’s Crypto Ecosystem

The crypto platform AEX will boost Vietnam’s crypto ecosystem by investing $100 million to boost the blockchain industry in the country as we are reading more in today’s latest cryptocurrency news.

Crypto platform AEX will launch a program to boost Vietnam’s crypto ecosystem. Cryptocurrencies have more than helped a lot of people to overcome economic crises in their countries and became a key figure in the economy. More and more companies were looking to promote their use as a way to boost the regional markets. The digital platform AEX announced the launch of the green fund that will empower the crypto ecosystem in Vietnam and the endeavor will be backed by a $100 million investment.

AEX claims to support the development of GameFi, DEFI, and NFT projects in Vietnam. In order to carry out this initaitive, the company will invest in an upstream and downstream industry in the country so any Vietnam-based company can apply to access the fund. According to the company’s press release, the projects taking part in the fund will have huge financial support and access to a database of millions of users as well as financial management support to help them grow.

The high-quality DeFi projects that meet AXE’s criteria will receive instant liquidity incentives as a reward for the performance and they will also promote the development and will create a new project via events and contests that will be held in the country:

“For projects that meet the selection criteria, AEX will follow the rules and regulations to prioritize listing support and recommend them to cooperative exchanges and friendly operators with an open and inclusive attitude.”

With more than a million registered on the platform, AEX seeks to become a crypto asset platform but also a world-class bank. According to the market research conducted by the company, the demand for the blockchain industries in Vietnam increased 140% over the past few years and attracted a lot of investors to the world of crypto. According to the survey by Finder.com, in 27 different countries, Vietnam had the highest adoption rate with 40% of the respondents already having purchased crypto. Finder.com reported that Vietnam ranked the fifth country globally with the highest number of people that want to buy an NFT which shows the inters in the country in crypto-related things is huge.

Even if Vietnam continues to have a love and hate stance towards crypto and blockchain, China has to realize that cryptocurrencies are here to stay and neighboring countries will take advantage of them.