Crypto Adoption is Led by India: Report
The latest report from blockchain analytics firm Chainalysis revealed that India and Nigeria are still leading the world in grassroots crypto adoption.
However, Indonesia has emerged as the fastest-growing market, climbing four spots to secure the third position.
Within the Central & Southern Asia and Oceania (CSAO) Region, Indonesia saw the highest year-over-year growth of almost 200% and received the highest amount of cryptocurrency, approximately $157.1 billion.
Seven out of the top 20 countries in the CSAO region were also listed in the overall top rankings. While the United States maintained its fourth position, Vietnam dropped from third to fifth.
This is the fifth report from Chainalysis, which ranked a total of 151 countries based on data collected from Q3 2021 to Q2 2024.
