The cryptocurrency division of the venture company Andreessen Horowitz (#A16ZCrypto ) announced the opening of its first office in Asia — in Seoul, South Korea. The decision was a response to the growing crypto activity in the region. This was officially announced by the Chief Operating Officer (COO) of the company.

According to the Chainalysis rating, in just the last 12 months, on-chain activity in the APAC region has increased by 69%, to $2.36 trillion — a record figure largely driven by India, Vietnam, and Pakistan.