
Unchained How Asia's Trading Culture Results in a Vastly Different Crypto Scene - Ep.126
Jul 2, 2019
Luis Buenaventura, founder of Bloom Solutions, and Leo Weese, president of the Bitcoin Association of Hong Kong, dive into the intriguing differences in Asia's crypto scene compared to the West. They discuss how regulatory climates shape trading behaviors, including daring cash flights by Korean traders. The duo also explores Binance's influence in the region, highlights emerging projects, and reveals Asia's unique take on popular cryptocurrencies like Tron. Plus, they share insights on the impact of Hong Kong's protests on Bitcoin interest.
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B2B vs. Retail
- Luis Buenaventura focuses on B2B crypto solutions, emphasizing cost savings for businesses.
- Leo Weese discusses retail crypto trading in East Asia, where accessibility and investment opportunities are key.
China's Crypto Underground
- The Chinese government discourages crypto, making it an insider activity.
- Despite this, Bitcoin remains liquid in China through personal networks and OTC platforms.
Kimchi Premium Arbitrage
- Individuals exploit price differences by carrying cash from Korea to Hong Kong, buying Bitcoin, and sending it back to Korea.
- This highlights weaknesses in traditional banking systems and capital controls.


