Southeast Asia (SEA) has emerged as a leader in cryptocurrency adoption, with countries like Indonesia, Vietnam, and the Philippines ranking among the top ten globally in the 2024 Chainalysis Global Crypto Adoption Index. T

Southeast Asia (SEA) has emerged as a leader in cryptocurrency adoption, with countries like Indonesia, Vietnam, and the Philippines ranking among the top ten globally in the 2024 Chainalysis Global Crypto Adoption Index. The region has witnessed a remarkable surge in crypto ownership, increasing by 21.8% to 326.8 million users as reported by Triple-A's 2024 research. A young, tech-savvy population, significant underbanked demographics, and widespread internet access largely drive this growth.

In terms of ownership rates, Singapore leads with 24.4%, followed by Thailand (17.6%), Vietnam (17.4%), and Malaysia (14.3%). These statistics highlight the potential for further growth in a market characterized by innovation and an appetite for financial technology.

Despite the strong adoption of cryptocurrencies, Southeast Asian countries exhibit varied regulatory landscapes, reflecting their unique economic priorities and goals for innovation. Countries such as Singapore and Thailand have established comprehensive regulatory frameworks, while others like Vietnam are still in the early stages of policy development.

The regulatory approaches in SEA are fragmented, ranging from supportive to developing. For instance, Singapore has enacted significant legislation through the Payment Services Act and the Securities and Futures Act, creating a robust legal infrastructure for digital assets. Conversely, Vietnam is still formulating formal regulations despite its high adoption rates, and the Philippines is working towards establishing licensing rules for crypto service providers.

There is a growing trend towards aligning local regulations with international standards, particularly concerning anti-money laundering (AML) and tax transparency. Countries like Singapore and Thailand have implemented strict AML requirements for crypto exchanges, while Malaysia is enhancing tax reporting for crypto transactions. These measures aim to create a sustainable crypto environment while addressing financial crime risks.

Investor protection and regulatory maturity

Investor protection is increasingly a focus for nations with established regulatory frameworks. Singapore and Thailand are moving towards more robust regulations to safeguard investors, while other countries are still developing basic compliance mechanisms. This disparity in regulatory maturity can impact the overall investment climate and innovation potential within the region.

As Southeast Asia continues to evolve as a significant player in the global crypto landscape, several challenges and opportunities lie ahead. The region's success will depend on its ability to foster innovation while ensuring consumer protection and attracting investment.

Regulatory clarity is crucial for spurring growth in the crypto sector. Countries like Singapore have set high benchmarks with their established frameworks, which could serve as models for others in the region. Collaboration with industry players, such as Bybit's involvement in Vietnam's regulatory sandbox initiative, will be vital for crafting effective regulations that balance market risks with long-term growth objectives.

Aligning with global standards, such as the EU’s Markets in Crypto Assets (MiCA) regulation and the Financial Action Task Force (FATF) guidelines, can enhance the credibility of SEA's crypto framework. This alignment will facilitate cross-border transactions and improve the region’s appeal to investors and businesses.

To capitalize on the growing interest in crypto, SEA must focus on building a supportive ecosystem that nurtures innovation. This includes investing in education, enhancing technological infrastructure, and promoting a collaborative environment among stakeholders. By fostering a culture of innovation and ensuring robust regulatory practices, SEA can solidify its position as a crypto powerhouse.

Southeast Asia stands at a pivotal moment in its crypto journey, characterized by significant adoption rates and a diverse regulatory landscape. The region's ability to establish clear, supportive regulations while fostering innovation will determine its future as a leading hub for cryptocurrency and blockchain technology. As countries navigate their regulatory paths, strategic collaboration and alignment with global standards will be essential to harness the full potential of the crypto market in Southeast Asia.

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Diving into Southeast Asia’s crypto regulatory landscape

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Bybit Crypto Insights Report: Diving into Southeast Asia’s crypto regulatory landscape

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

Front-end volatility for BTC has reacted to recent spot price fluctuations, leading to a new all-time high (ATH) of $111.8K, the first since January 20, 2025. At-the-money implied volatility is between 45% and 50%, with short-tenor volatility rising from last week's lows. Perpetual funding rates remain stable, even as spot prices climb, though options skew steepened towards calls by 7% due to increased demand for OTM calls.

In perpetual swaps, open interest hit a new May high over $11B, reflecting stronger risk-on sentiment than in April. For ETH, short-tenor options retain their volatility premium compared to longer-tenor options, while OTM calls continue to show solid support, despite a slowdown in the recent surge of ETH’s spot price.

Please check out the report’s highlights.

ETH open interest has started to rise this week, aligning with BTC surpassing its January ATH of $111K, positively affecting the crypto market, including Ether (+4.5%). However, the increase is slower than last week’s 50% surge in ETH's spot price. Total open interest and perpetual trading volume across nine tokens reached monthly highs of over $11B and $26B, respectively. On May 19, 2025, perpetual trading volumes surpassed $20B after Moody's downgraded US debt. BTC, like risk-on US equities, initially fell but quickly recovered its intraday losses.

Regulatory advances propel BTC toward ATH with put-call skews favouring calls

Mid-May volatility expectations declined as BTC traded sideways between $102K and $104K. Recently, this range extended to $108K due to a tariff détente between the US and China, though macro uncertainties like the downgrade of US treasuries limited a full breakout. However, regulatory advances helped BTC surpass $110K. This tug-of-war has led to reactive front-end volatility, with implied volatility levels for BTC between 45% and 50%. Options volumes remain skewed toward puts, despite the spot price entering price discovery, with open interest also dominated by puts at $200M.

What’s more, the skew of BTC volatility smiles has steepened significantly, as OTM calls trade at a higher implied volatility compared to puts across all tenors, with the one-week tenor put-call skew briefly exceeding 7% before coming back down.

ETH outperformance moderates as skews turn less bullish

After two weeks of ETH outperformance, it now lags behind BTC. While ETH's one-month returns are an impressive 69%, its seven-day increase has been lower, largely due to BTC's recent rally. The inversion in its term structure of volatility persists, with short tenors holding a premium over longer tenors. ETH's put-call skew is now significantly less bullish than last week, though it still shows a 5% skew for OTM calls. The dominance of call options in volumes and open interest has narrowed, with open interest in calls only $30M greater than in puts.

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Bybit X Block Scholes crypto derivatives analytics report (May 22, 2025): Bitcoin options skew steepens toward calls by 7%; ETH outperformances moderate

Discover how trading strategies differ in crypto vs. stock markets, from volatility and profit potential to regulation, TA tools, and trading hours.

 markets both offer profit opportunities to skilled traders but have significantly different characteristics. Compared to equities, cryptocurrencies are much more volatile and less regulated. They have lower barriers to entry and attract traders following 

The differences between the two asset classes mean they require different mindsets, approaches and tools to succeed. Strategies that work perfectly in the stock market may not fit the crypto market or require significant adjustments.

In this article, we will examine the key differences between stocks and cryptos. Understanding and appreciating these differences is key to successful trading in both markets.

Equities are a highly regulated asset class. Traders know that their funds are well protected by securities laws. They can diversify their stock portfolios, mixing in other regulated asset classes. The regulatory recognition also lets traders pursue tax-efficient investment strategies.

Crypto trading, on the other hand, has very low levels of regulation. This opens up opportunities for income sources that aren’t available for traditional asset classes 

The abundance of centralized (CEX) and decentralized (DEX) crypto exchanges and their rate differences also provide 

Skilled crypto traders may also use derivatives products, particularly 

 contracts. These are often based on pairing their target cryptocurrency with an established stablecoin, such as 

 (USDC). By holding the perp contracts with no expiry dates, the traders try to capitalize on the coin’s price movements against the stablecoin without owning that crypto directly. The perp contracts also typically offer the most liberal leverage ratios available in the crypto market.

Stock market trading hours are limited to Monday through Friday, 9:30 AM to 4:00 PM. Most stock exchanges in the US, including the two largest ones — the New York Stock Exchange (NYSE) and the NASDAQ — follow these hours.

These strictly defined hours have given rise to different occurrences, including market-opening momentum. This is where there’s a readily observable spike in activity in the first minutes of the trading day, typically driven by overnight news and pre-market events.

Another is the power hour, the last hour of trading, when traders rush to implement market moves they’re determined to carry out before the close of trading.

Unlike the stock market, the crypto market is open 24/7. The hour-specific phenomena of equities trading rarely apply to cryptocurrencies. Instead, the crypto market’s around-the-clock nature has led to the active use of automated trading strategies that can be executed at certain intervals regardless of the time of day.

 levels than cryptocurrencies. This is particularly true for blue-chip equities in stable, long-established industries like banking or utilities. Examples include JPMorgan Chase & Co. (JPM) and Dominion Energy (D). Even tech and growth-oriented stocks like Microsoft (MSFT) and Apple (AAPL) exhibit lower volatility than crypto since they are global industry leaders with more established fundamentals.

The market’s relatively low volatility has led to the dominance of strategies like value-based investing and long-term trend following.

In contrast, the crypto market’s much higher volatility levels have led to the active use of momentum-based strategies and scalping, which aim to take advantage of small price changes quickly.

Crypto’s higher volatility attracts traders who utilize high-risk and high-reward strategies.

 This is particularly the case with smaller-cap altcoins as opposed to larger, more established cryptocurrencies like 

The stock market’s lower volatility also spells lower profit potential in the short term compared to crypto. Naturally, this is accompanied by less risk.

Instead of chasing large profits quickly, traders in the market try to maximize gains via long-term strategies, taking into account not only price growth but also dividend potential and other factors not directly tied to the stock price.

 (DCA), dividend-based investment, and long-term value investing are widespread in equities.

In contrast, the crypto market offers higher potential profits coupled with higher risks. High-risk strategies, such as leverage trading, short-term trend chasing and speculative altcoin investing, are very popular in the market. Not many active crypto traders, die-hard 

 aside, want to follow multi-month or multi-year approaches, which are very common in the stock market.   

As a result, you can earn significantly higher profits in crypto. However, the market also has an abundance of horror stories in which traders lose everything, or at least a significant proportion of their capital, trying to apply high-risk strategies.

 (TA) tools have a long and established history of use in the stock market. Equity traders use TA indicators like support and resistance levels, 

 and many others to support their decision-making. They also use fundamental analysis data pieces 

such as company earnings reports, price-to-earnings ratios, debt-to-equity ratios, dividend yield estimates and sectoral growth reports 

In the crypto market, many standard TA tools work reasonably well for high-cap, high-liquidity coins like Bitcoin and Ethereum. For these assets, support and resistance levels, volume data and basic patterns can provide useful information to support the trader’s actions. 

However, many TA indicators become less reliable the lower the liquidity of the analyzed coin. For low-liquidity altcoins, these indicators might become useless or even deceptive.

The most basic trading instrument in the equities market is the actual stock of publicly traded companies. Additionally, traders can invest in 

 (ETFs) that provide exposure to equities, bonds, indices, commodities, cryptocurrencies and other asset classes. In many cases, ETFs are based on a basket of assets, though single-asset ETFs are also quite common.

Stock traders also often invest in bonds, usually through the over-the-counter (OTC) bond market. Those with an understanding of the derivatives market may also trade options, futures or contracts for difference (CFDs) on specialized derivatives exchanges.

Typical trading instruments are somewhat different in the crypto market, where the most popular form of trading activity is the spot buying and selling of cryptocurrencies.

Skilled crypto traders may also use derivatives products, particularly perpetual futures contracts. These are often based on a pairing of their target cryptocurrency with some established stablecoin, such as USDT or USDC. By holding the perp contracts with no expiry dates, the traders try to capitalize on the coin’s price movements against the stablecoin without having to own that crypto directly. The perp contracts also typically offer the most liberal leverage ratios available in the crypto market.

There are considerable differences between equities and crypto, meaning trading these asset classes requires different approaches. Crypto’s 24/7 markets mean that many of the time-of-the-day phenomena observable in the stock market, such as the opening momentum and the rush hour, do not apply.

At the same time, the crypto market’s high volatility also means that traders actively use scalping and momentum-based strategies. The high volatility also attracts the trader crowd that prefers to apply high-risk and high-reward strategies. While risks in the market are considerably higher than for equities, potential profits, especially in the short term, can be significantly stronger.

Cryptocurrency traders should also consider that established TA methods may not provide as clear signals as they do in the stock market, particularly for smaller-cap coins. The prevalent trading instruments differ to some extent as well 

 spot cryptocurrency trades and perps dominate in the crypto market, while stocks and ETFs are the name of the game for equity traders.

Intermediate

trading difference between crypto and stocks

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Stock market vs. crypto: Different approaches to trading success

Mantle has partnered with Republic Technologies to make mETH the first liquid staking token held on the balance sheet of a publicly listed company.

The S&P 500 slipped 0.04% as deficit concerns from a $4T spending bill and a U.S. credit downgrade pressured markets. Gold fell 0.83% to $3,289 as a stronger US Dollar and solid US data outweighed falling yields, though long-term bullish sentiment remains supported by geopolitical risks. The Coindesk Indices, which tracks the broader crypto market, rose 2.13%, with Bitcoin and Ether up 2.35% and 5.37%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is WLD, up 28.0% after Worldcoin raised $135M to scale its network, with verified users surpassing 12.5 million.

Worldcoin (WLD), uses iris scans to verify identity, giving users a World ID and free tokens. Co-founded by Sam Altman, it aims to build a global identity and financial network. Worldcoin 

 $135M through a direct token purchase by a16z and Bain Capital Crypto to scale its network, now with over 26M users and 12.5M verified via the Orb. The funding increased WLD's circulating supply.

Check out the latest prices, charts, and data of 

 with Republic Technologies to make mETH the first liquid staking token held on the balance sheet of a publicly listed company. Republic will allocate ETH to Mantle’s mETH Protocol, reflecting a shift in institutional strategy toward Ethereum-based yield infrastructure. The move supports Mantle’s broader plans, including mETH’s role in the upcoming MI4 index fund and Mantle Banking, which aims to integrate mETH into traditional finance.

Yesterday, Bitcoin spot ETFs saw $57.6M in inflows, entirely from non-GBTC funds, with GBTC recording no flow.

, featuring Spark—a DeFi platform with $2.6B in liquidity—is now live. Users can earn Snaps by posting, liking, or engaging with Spark-related content on Crypto Twitter. More Snaps means more rewards.

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Mantle partners with Republic Technologies as mETH becomes first liquid staking token on public company balance sheet

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DeFi

Trader Joe is a decentralized cryptocurrency exchange on the Avalanche blockchain that offers an extensive range of financial features. Find out more here.

, offering advantages such as faster transaction processing speed and significantly lower fees. Since Avalanche’s launch, it has supported an extensive range of decentralized cryptocurrency exchange projects. The most notable of these projects is Trader Joe, which has consistently developed new features since its debut in 2021, adding to its strong utility.

The Trader Joe platform currently offers an extensive range of services, such as a launchpad, an NFT marketplace, an exchange, and staking and lending. Trader Joe also features community governance. For each JOE token held, a user has one vote on issues like future improvements, strategies and more.

Trader Joe is the brainchild of longtime family friends 

, with the primary objective of simplifying and enhancing crypto users’ trading experiences. It offers a variety of services to achieve that important goal. Trading is accomplished through financial intermediaries, which offer necessary liquidity. Staking JOE tokens yields staking rewards, which are funded through trading fees. 

. Trader Joe also has a robust NFT marketplace that offers functions for auctions, safelists and displays. The Trader Joe team has created numerous tutorials so that users can easily take full advantage of the platform’s many features. In addition to being established on the Avalanche blockchain, Trader Joe supports BNB Chain and 

At the end of 2022, the Trader Joe team introduced the 

 to enhance capital efficiency, and reduce impermanent loss and slippage. The Liquidity Book works by accepting deposits from liquidity providers in various price bins. Each bin has a unique price, and liquidity providers can contribute to as many of the bins as they desire. When they provide liquidity, they receive fungible receipts. 

Through this improved system to provide liquidity, contributors can minimize risk while generating more rewards from Trader Joe fees. The Liquidity Book claims to improve capital efficiency by scaling up to 20,000 times higher.

The Trader Joe team is focused on setting the bar for investment activities on the Avalanche platform. It immediately offered utility to its users at launch, and its utility has expanded considerably with the introduction of new features and improvements made to established features. 

 is a fundamental feature of Trader Joe, supported through liquidity pools. The recent introduction of the Liquidity Book has bolstered capital efficiency, and the Trader Joe trading fee is 0.3% of each transaction. This low transaction fee is enabled because trades are completed on the AVAX blockchain. Of this fee, 0.25% is provided to the liquidity pools. The remaining 0.05% of the Trader Joe fee is allocated to the JOE token farm.

Prior to the launch of the Liquidity Book in November 2022, Trader Joe used a standard liquidity pool function to support trades. However, the team identified the need to improve capital efficiency, which led to the development of the Liquidity Book. Liquidity providers can make deposits to special bins, each of which has a different price, and they receive a fungible receipt for their deposits. This results in a greater return for liquidity providers, as well as reduced slippage and substantially greater capital efficiency since less liquidity is sitting idle in the liquidity pool. 

Users can also generate a return on Trader Joe through 

. Farmers lock their JOE tokens to be used for lending purposes and trading. 

 gives farmers access to bonus rewards and a portion of collected trading fees.

 JOE tokens takes place on the marketplace and produces sJOE or veJOE tokens. 

Those who contribute to the sJOE pool by staking JOE tokens can expect to receive a share of rewards from the pool in the form of a 

. Every swap completed on Trader Joe is charged a 0.05% fee. These fees are accumulated by Trader Joe and converted into stablecoins, to be distributed to the sJOE pool periodically every 24 hours.

On the other hand, contributing to the veJOE pool enables you to earn veJOE tokens that can be claimed. Doing so will apply a Boost APR feature to all Farms marked 

. This reward mechanism allows users to stake JOE to earn even more JOE tokens. The higher the amount you stake, the more rewards you receive. 

By staking JOE, users also contribute to essential functions. For example, holding veJOE tokens grants users voting rights for future platform governance.

Loans are available on Trader Joe through 

, which uses Compound Protocol’s lending mechanism to efficiently complete the loan process. An applicant’s borrowing limit is established by the value of their collateral. Thus, borrowers can increase their borrowing limit by simply increasing their collateral. As long as their current obligation has been satisfied, borrowers can remove tokens at their discretion. Banker Joe supports lending and borrowing using 

, AVAX and other tokens. Those who participate in lending activities may receive rewards paid in JOE tokens.

, the largest NFT marketplace on the Avalanche blockchain,. Users can search for NFTs that suit their interests by using a filtering function. Artists can take advantage of a support website. Those who wish to sell their NFTs have access to safelists, auction settings and display tools.

After officially launching on the Avalanche blockchain in 2021, Trader Joe quickly gained traction and now has several million active users. The Trader Joe team has progressively expanded to improve the platform’s utility. While its 

, Trader Joe today holds its status as the Avalanche project with the highest transaction volume. 

The platform’s important Liquidity Book update was released at the end of 2022 to optimize capital efficiency, and 

, Liquidity Book V2.1, is upcoming. The team has also bridged to BNB Chain and Arbitrum in order to capture new user bases, and staking is now available on these networks as well.

JOE is the native token that powers the Trader Joe platform. JOE tokens are used for community governance, granting one vote per JOE token. In addition, Trader Joe fees are paid in JOE tokens, as are rewards for staking. The total supply of JOE is 500 million tokens, and there are more than 345 million tokens in circulation. The 

n allocates 50% to liquidity providers, 20% to the treasury, 20% to the development team and 10% to future investors.

The current price of JOE as of Apr 17, 2023 is $0.6538. The price has surged dramatically over the last couple of weeks, and was valued at $0.187 on Mar 12. The current market cap is $226 million, and the 24-hour trading volume has surpassed $26 million. 

 may continue its upward trajectory in the years to come, though it may close 2023 with a dip. Its experts project a price of $0.35 at year-end. This may increase to $0.79 in 2025 and $1.73 in 2027, and by 2030, JOE may be valued at $5.29.

 are more bullish, suggesting that JOE will close 2023 at $1.29. JOE’s price is then expected to increase to $2.07 in 2025, $2.64 in 2027 and $6.11 in 2030. 

JOE tokens can be purchased on several cryptocurrency exchanges, including Bybit. You can trade JOE tokens in the form of perpetual contracts. After you’ve established a Bybit account and funded it with cryptocurrency, you may proceed to navigate to the 

Established on the Avalanche blockchain, the Trader Joe token’s utility and benefits are strongly tied to the success of its blockchain. Trader Joe has exceptional features that may be difficult for other platforms to mimic, and this supports the platform’s lasting dominance on AVAX. For this reason, and because the team and community continue to identify new opportunities for growth and improvement, the popularity of Trader Joe may continue to expand in the years to come.

Anticipation and belief in its projected growth are displayed via the positive price predictions for JOE tokens. Whether you hold JOE for long-term gains from price growth or use your tokens for rewards from staking, lending and more, JOE may prove to be a lucrative investment. That said, always do your own research and evaluate your own risk appetite before investing.

The Trader Joe token’s utility and low fees are two of the reasons why this platform has gained popularity quickly since its launch. As the project continues to evolve through various updates, it may remain a leading platform on Avalanche with continued growth in both its user base and the price of JOE.

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