Vietnam eyes Q3 launch for regulated crypto asset market: Report
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- Vietnam ranks third in Asia for on‑chain crypto transaction value, with $200 billion in estimated transactions over the 12 months to June 2025, behind India and South Korea.
- Vietnam's crypto traders mostly use offshore exchanges such as Binance, OKX and Bybit.
- Vietnam launched a five‑year crypto pilot in September 2025, requiring all transactions to be settled in Vietnamese dong via locally registered firms, a regulatory step toward a domestic market.
Why it matters: Vietnamese traders and local fintech firms gain from a domestic market that captures a share of the $200 bn on‑chain flow, while offshore exchanges lose volume as the pilot forces VND settlements.
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