Malaysia Cryptocurrency Market (2025-2031) | Outlook, Revenue, Trends, Size, Value, Companies, Analysis, Share, Growth, Industry & Forecast

Market Forecast By Offering (Hardware, ASIC, Full Custom ASIC, Semi-custom ASIC, Programmable ASIC, GPU, FPGA, Others), By Process (Mining, Transaction), By End User (Trading, Retail and E-commerce, Banking , Others), By Type (Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Others) And Competitive Landscape

Product Code: ETC424102 Publication Date: Oct 2022 Updated Date: Jan 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 5

Malaysia Cryptocurrency Market Highlights

Report Name Malaysia Cryptocurrency Market
Forecast period 2025-2031
CAGR 25.5%
Growing Sector Financial 

Topics Covered in the Malaysia Cryptocurrency Market

Malaysia Cryptocurrency Market report thoroughly covers the market By Offering, By Process, By End User, and By Type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Cryptocurrency Market Synopsis

Malaysia Cryptocurrency Market has grown exponentially over the past few years. The major exchanges are Luno, Tokenize, and Sinegy, with Luno having the largest market share. These platforms offer a range of services including trading, wallets, payment gateways, and merchant services.

According to 6Wresearch, the Malaysia Cryptocurrency Market size is expected to grow rapidly at a CAGR of 25.5% during the forecast period of 2025-2031. This growth is due to the rising acceptance of cryptocurrency in the country, as well as the growing awareness of its benefits. The Malaysia cryptocurrency market has seen several trends in recent years. For instance, there has been an increase in the adoption of cryptocurrencies as an alternative investment and payment method. Additionally, there has been a growing interest in the development of blockchain technology and its potential uses. However, the Malaysia cryptocurrency market growth is hindered by lack of clarity in regulations. While the government has expressed concerns about the use of cryptocurrencies, it has not taken a clear stance on the matter. This has led to confusion among market participants and hindered the growth of the market. Despite the challenges, there are several opportunities in the Malaysia cryptocurrency market. The growing acceptance of cryptocurrency as an alternative investment and payment method presents a huge opportunity for market participants. Additionally, the development of blockchain technology and its potential uses offer immense potential for the market. Further, the increasing interest from institutional investors presents a significant opportunity for the market to grow.

Government policies and schemes introduced in the Malaysia Cryptocurrency Market

In general, the country has adopted a conventional approach to regulate the cryptocurrency market. The Securities Commission Malaysia (SC), the country's financial regulator, has issued guidelines and policies that crypto-businesses must adhere to operate legally. One of the most significant policies is the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order. It mandates all Initial Coin Offering (ICO) issuers submit white papers to the SC for approval before launching. Additionally, the government has set up a regulatory sandbox to fast-track innovations in the cryptocurrency industry while overseeing their risks.

Key players in the Malaysia Cryptocurrency Market

There are several key players in the Malaysia cryptocurrency industry ranging from high-net-worth individuals, institutional investors, and startups. The most well-known institutional investors include Kenanga Investment Bank, Luno, and Tokenize Xchange. These players have teamed up with other companies to accelerate the adoption of cryptocurrencies in Malaysia. Particularly, the CIMB group, one of Malaysia's leading banks, has partnered with Ripple to leverage blockchain technology to provide instant cross-border payments.

Future insights of the Malaysia Cryptocurrency Market

The Malaysia cryptocurrency market has a promising future as cryptocurrencies are gaining popularity globally. The government's supportive policies, combined with the country's fast-growing economy, are driving the market on its upward trajectory. Moreover, cryptocurrency adoption in traditional payment systems will increase, thus driving up demand.

Market by Offering

According to Shubham, Senior Research Analyst, 6Wresearch, the GPU is one of the leading segments with the highest market share. These graphical processing units are used for high-performance computing and are highly sought after by cryptocurrency miners globally.

Market by Process

By Process, the mining is the dominant process in Malaysia cryptocurrency market. However, the transaction process has seen significant growth in recent years and is expected to continue.

Market by End User

By End-User, the trading segment has been dominating the Malaysia cryptocurrency market share as it involves buying and selling cryptocurrencies on exchanges.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024.
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Malaysia Cryptocurrency Market Outlook
  • Market Size of Malaysia Cryptocurrency Market, 2024
  • Forecast of Malaysia Cryptocurrency Market, 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Revenues & Volume for the Period 2021- 2031
  • Malaysia Cryptocurrency Market Trend Evolution
  • Malaysia Cryptocurrency Market Drivers and Challenges
  • Malaysia Cryptocurrency Price Trends
  • Malaysia Cryptocurrency Porter's Five Forces
  • Malaysia Cryptocurrency Industry Life Cycle
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Offering for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Hardware for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By ASIC for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Full Custom ASIC for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Semi-custom ASIC for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Programmable ASIC for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By GPU for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By FPGA for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Hardware Cryptocurrency Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Process for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Mining for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Transaction for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By End User for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Trading for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Retail and E-commerce for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Banking for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Bitcoin (BTC) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Ethereum (ETH) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Tether (USDT) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Binance Coin (BNB) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Cardano (ADA) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Ripple (XRP) for the Period 2021- 2031
  • Historical Data and Forecast of Malaysia Cryptocurrency Market Revenues & Volume By Others for the Period 2021- 2031
  • Malaysia Cryptocurrency Import Export Trade Statistics
  • Market Opportunity Assessment By Offering
  • Market Opportunity Assessment By Process
  • Market Opportunity Assessment By End User
  • Market Opportunity Assessment By Type
  • Malaysia Cryptocurrency Top Companies Market Share
  • Malaysia Cryptocurrency Competitive Benchmarking By Technical and Operational Parameters
  • Malaysia Cryptocurrency Company Profiles
  • Malaysia Cryptocurrency Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Offering

  • Hardware
  • ASIC
  • Full Custom ASIC
  • Semi-Custom ASIC
  • Programmable ASIC
  • GPU
  • FPGA
  • Others

By Process

  • Mining
  • Transaction

By End User

  • Trading
  • Retail And E-Commerce
  • Banking
  • Others

By Type

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Binance Coin (BNB)
  • Cardano (ADA)
  • Ripple (XRP)
  • Others

Malaysia Cryptocurrency Market (2025-2031): FAQs

Yes, there are several local cryptocurrency exchanges in Malaysia, including Luno Malaysia, Tokenize Xchange, Sinegy Technologies (M) Sdn Bhd, and others.
The government has been supporting the blockchain and cryptocurrency industry by creating favorable regulations for startups and companies in the sector. This support indicates that the market has a bright future in Malaysia as it continues to attract investment and experienced growth in adoption.
Some of the popular ones are Binance, Luno, Tokenize, and Bitstamp.
The Inland Revenue Board of Malaysia (LHDN) treats cryptocurrency gains as a taxable income.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Malaysia Cryptocurrency Market Overview
3.1 Malaysia Country Macro Economic Indicators
3.2 Malaysia Cryptocurrency Market Revenues & Volume, 2021 & 2031F
3.3 Malaysia Cryptocurrency Market - Industry Life Cycle
3.4 Malaysia Cryptocurrency Market - Porter's Five Forces
3.5 Malaysia Cryptocurrency Market Revenues & Volume Share, By Offering, 2021 & 2031F
3.6 Malaysia Cryptocurrency Market Revenues & Volume Share, By Process, 2021 & 2031F
3.7 Malaysia Cryptocurrency Market Revenues & Volume Share, By End User, 2021 & 2031F
3.8 Malaysia Cryptocurrency Market Revenues & Volume Share, By Type, 2021 & 2031F
4 Malaysia Cryptocurrency Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Malaysia Cryptocurrency Market Trends
6 Malaysia Cryptocurrency Market, By Types
6.1 Malaysia Cryptocurrency Market, By Offering
6.1.1 Overview and Analysis
6.1.2 Malaysia Cryptocurrency Market Revenues & Volume, By Offering, 2021 - 2031F
6.1.3 Malaysia Cryptocurrency Market Revenues & Volume, By Hardware, 2021 - 2031F
6.1.4 Malaysia Cryptocurrency Market Revenues & Volume, By ASIC, 2021 - 2031F
6.1.5 Malaysia Cryptocurrency Market Revenues & Volume, By Full Custom ASIC, 2021 - 2031F
6.1.6 Malaysia Cryptocurrency Market Revenues & Volume, By Semi-custom ASIC, 2021 - 2031F
6.1.7 Malaysia Cryptocurrency Market Revenues & Volume, By Programmable ASIC, 2021 - 2031F
6.1.8 Malaysia Cryptocurrency Market Revenues & Volume, By GPU, 2021 - 2031F
6.1.9 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F
6.1.10 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F
6.2 Malaysia Cryptocurrency Market, By Process
6.2.1 Overview and Analysis
6.2.2 Malaysia Cryptocurrency Market Revenues & Volume, By Mining, 2021 - 2031F
6.2.3 Malaysia Cryptocurrency Market Revenues & Volume, By Transaction, 2021 - 2031F
6.3 Malaysia Cryptocurrency Market, By End User
6.3.1 Overview and Analysis
6.3.2 Malaysia Cryptocurrency Market Revenues & Volume, By Trading, 2021 - 2031F
6.3.3 Malaysia Cryptocurrency Market Revenues & Volume, By Retail and E-commerce, 2021 - 2031F
6.3.4 Malaysia Cryptocurrency Market Revenues & Volume, By Banking , 2021 - 2031F
6.3.5 Malaysia Cryptocurrency Market Revenues & Volume, By Others, 2021 - 2031F
6.4 Malaysia Cryptocurrency Market, By Type
6.4.1 Overview and Analysis
6.4.2 Malaysia Cryptocurrency Market Revenues & Volume, By Bitcoin (BTC), 2021 - 2031F
6.4.3 Malaysia Cryptocurrency Market Revenues & Volume, By Ethereum (ETH), 2021 - 2031F
6.4.4 Malaysia Cryptocurrency Market Revenues & Volume, By Tether (USDT), 2021 - 2031F
6.4.5 Malaysia Cryptocurrency Market Revenues & Volume, By Binance Coin (BNB), 2021 - 2031F
6.4.6 Malaysia Cryptocurrency Market Revenues & Volume, By Cardano (ADA), 2021 - 2031F
6.4.7 Malaysia Cryptocurrency Market Revenues & Volume, By Ripple (XRP), 2021 - 2031F
7 Malaysia Cryptocurrency Market Import-Export Trade Statistics
7.1 Malaysia Cryptocurrency Market Export to Major Countries
7.2 Malaysia Cryptocurrency Market Imports from Major Countries
8 Malaysia Cryptocurrency Market Key Performance Indicators
9 Malaysia Cryptocurrency Market - Opportunity Assessment
9.1 Malaysia Cryptocurrency Market Opportunity Assessment, By Offering, 2021 & 2031F
9.2 Malaysia Cryptocurrency Market Opportunity Assessment, By Process, 2021 & 2031F
9.3 Malaysia Cryptocurrency Market Opportunity Assessment, By End User, 2021 & 2031F
9.4 Malaysia Cryptocurrency Market Opportunity Assessment, By Type, 2021 & 2031F
10 Malaysia Cryptocurrency Market - Competitive Landscape
10.1 Malaysia Cryptocurrency Market Revenue Share, By Companies, 2024
10.2 Malaysia Cryptocurrency Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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