AGBA is a unique platform that promises people and businesses a greater life together.

Our community shares opportunities in wealth, health, business, careers and personal growth.

The AGBA platform hosts a growing selection of influential brands.

They serve our community with greater access in financial and healthcare services.

    AGBA is a unique platform business that unites people and businesses with better choices in financial services, healthcare, and wellness.

    We’re looking for ambitious people to join us.

    We strive for creating long-term value for shareholders.

      Our purpose is to bring greater health, wealth and happiness to more people.

      How? With our financial strength, fresh thinking and experienced can-do team.

        Hong Kong ranks third in cryptocurrency penetration in APAC

        Hong Kong has 24% cryptocurrency penetration rate currently, ranking third in APAC. This means one in four Hong Kongers owns cryptocurrency as part of his assets. Indonesia ranks at the top at 41%, followed by 30% in Singapore. The data is obtained by a survey conducted on around 30,000 people across 20 countries globally by a cryptocurrency platform during November last year to February.

        Around 80% of survey participants who hold cryptocurrencies believes in the long term investment potential. Despite their volatile prices, with Bitcoin retraced from the record high of $69k, around half of the local participants purchased cryptos last year for the first time, higher than the 45% APAC’s average.
        Survey reveals that regional factors play vital roles in penetration rate. Regulatory authorities in Hong Kong and Singapore hold relatively open views on the cryptos, which increase the investment appetite of local retail investors. In Indonesia and India, currency depreciation boosts the purchasing demand and adoption rate.

        Cryptos are considered as high risk and speculative investments. Although opportunities abound, as Central African Republic and El Salvador adopted bitcoin as legal currency, International Monetary Fund has raised concerns on the increased risk on financial system’s trustworthiness and stability. Investors are suggested not to focus on price appreciation, and should be aware of the following 3 risks before making investment decisions:

        1. Volatile prices
        Crypto prices are volatile and are largely influenced by policies in different countries. For instance, China viewed Initial Coin Offering as illegal in 2017, causing plunges across the crypto markets. Investors should ensure they have sufficient capabilities in riding through the volatilities with proper risk assessments before investment.

        2. Digital goods
        Cryptos are a form of digital currency. Unlike the traditional currencies, there is no banks, governments, issuers, and physically backed assets. It is treated as digital goods in Hong Kong.

        3. Exchange platform risks
        Crypto exchanges are private companies. It is probable that they are located overseas and are not subject to local laws. If the exchanges shut down or stop operating, investors may lose the invested cryptos.

        Subscribe to CURATE

          I agree to the use of my personal information for the purposes in accordance with the Personal Information Collection Statement