Speaking about cryptos, people most often think of global leaders such as Binance, mention the USA, Switzerland, and the UK. However, there are many underestimated but rapidly growing markets that are making valuable contributions to the global crypto progress. The countries of Eastern Europe and the Balkans are vivid examples.
People rarely read the crypto news from these regions. However, these regions are bustling. The trend is easy to notice once you visit such news portals as cryptoguide.bg, posting the latest news about the most recent events and trends. Primarily, the local news portals cover the markets of Bulgaria, Hungary, and Slovenia, but they also have a global reach.
If you want to learn about the growth opportunities available in these regions, explore these websites. They can provide a wealth of valuable information for your consideration. Let's just highlight several examples.
Why Are the Balkans and Eastern Europe the Regions to Watch?
These two regions are 100% ones to watch for several reasons. First, these regions are actively developing, with the increased emphasis on education, expanding user bases, and enhancing the Blockchain infrastructure to make it fully align with similar Western standards.
Second, in view of the recent updates to crypto regulations across the EU, particularly through the adoption of the European Union's Markets in Crypto-Assets (MiCA) regulation in 2023, with its actual entry into force in 2025, the Balkans remain one of the most favorable regions for crypto investments. On the one hand, this region doesn't fall under the strict MiCA regulation. However, on the other hand, it implies a no-less-transparent environment for crypto investment. The latter was ensured through the following aspects:
- licensing requirements for the subjects carrying out operations with crypto assets or rendering related services;
- development and integration of the advanced AML (Anti-Money Laundering) policies;
- carrying out mandatory KYC (Know Your Customer) verifications.
Flexibility, alongside transparency, makes a winning combination that attracts many crypto investors to keep their money in the Balkans region. If you want to get acquainted with these regions, the best advice is to start using a crypto wallet. The experts from cryptoguide.si advise 12 best crypto wallets to draw attention to in the first turn.
Factors That Impact the Growth of These Regions
It is 100% certain that the adoption and use of cryptocurrencies, such as Bitcoin, Ethereum, and stablecoins, is no longer a niche but a widespread trend that aligns with global trends. The explanation for such rapid growth is simple and is determined by the following factors:
- Economic stability and emphasis on innovations. These regions are actively developing and fostering their financial stability, among others, thanks to innovations. The crypto assets play a vital role in these growth processes. The cryptos imply a high level of asset protection from inflation. This feature makes them a trustworthy option for smart investments.
- Young and tech-savvy populations in these countries demonstrate a strong interest in decentralized finance and have developed skills in managing crypto assets through smart investments. By the way, some suggestions from the crypto experts from cryptoguide.hu about the best crypto cards and applications may be useful for many people outside these regions.
- Remittance use cases. The use of cryptos for paying for goods and services has increased significantly over the last decades. If you own some cryptocurrencies, including stablecoins, you can easily pay for even your cup of coffee where such means of payment are accepted.
The Spread of Crypto Businesses in the Regions
Since the regions create favorable conditions for cryptos, including creating a sufficient infrastructure, these efforts contribute to the spread of crypto business across these regions:
- Use of crypto wallets. The countries in these regions have experienced significant growth in the use and development of cryptocurrency wallets. Interestingly, such wallets are used not only for storage but also for remittance. The primary device used to access and navigate the crypto assets is a smartphone. These trends are attributed to a younger demographic, as the vast majority of crypto users in these regions are between 18 and 35 years old.
- Spread of crypto exchanges. Global exchange platforms, such as Binance, Kraken, and Coinbase, have strong positions in these regions. They are actively operating even under the strict regulatory framework existing in Slovenia, for instance. The operations on crypto exchanges are diverse and fully align with global practices, opening up enormous opportunities for yields.
- Trading activities. In the first turn, we discuss sole traders. Trading activities in the considered regions are experiencing a significant boom. Primarily, freelancers and representatives in the IT sector are engaged in various cryptocurrency activities. The countries in these regions have robust peer-to-peer (P2P) markets. The local customers are also actively exploring decentralized finance (DeFi) tools and NFT platforms.
Bottom Line
The smartest investment is exploring and entering the underestimated or growing markets. The countries of the Balkans and Eastern Europe are the exact options to draw attention to.
They are actively developing, but they comply with the major industry standards. However, the latter ones are not as strict as the latest adopted in the EU, but ensure sufficient transparency and are flexible at the same time.
If you are looking for the markets that offer high yields and are trustworthy at the same time, draw your attention to the countries of the Balkans and Eastern Europe. If you want to find out more about the latest crypto news and updates in the mentioned regions, visit the local news portals.
