India, Nigeria, Vietnam Lead Chainalysis Global Crypto Adoption Index

Blockchain information analytics steadfast Chainalysis has finalized its latest Global Crypto Adoption Index. India, Nigeria, and Vietnam clasp the apical 3 positions, followed by the U.S., Ukraine, Philippines, and Indonesia. “The Central & Southern Asia and Oceania (CSAO) portion dominates the apical of the index, with six of the apical 10 countries located successful the region,” Chainalysis noted.

Chainalysis Previews Latest Crypto Adoption Index

Blockchain analytics steadfast Chainalysis published an excerpt from its upcoming 2023 Geography of Cryptocurrency study connected Tuesday, which featured the firm’s 4th yearly Global Crypto Adoption Index. The implicit study is scheduled for merchandise adjacent month.

“We harvester on-chain information and real-world information to measurement which countries are starring the satellite successful grassroots crypto adoption,” Chainalysis explained, noting that determination were 154 countries with capable information for evaluation. “We’ve designed the Global Crypto Adoption Index to place countries wherever the astir radical are putting the top stock of their wealthiness into cryptocurrency.” Moreover, the steadfast elaborate that its Global Crypto Adoption Index is made up of 5 sub-indexes, adding that each of those sub-indexes is based connected countries’ usage of antithetic types of cryptocurrency services.

According to the index, India ranks archetypal overall, followed by Nigeria, Vietnam, the U.S., Ukraine, the Philippines, and Indonesia.

Chainalysis described:

The archetypal cardinal takeaway present is that the Central & Southern Asia and Oceania (CSAO) portion dominates the apical of the index, with six of the apical 10 countries located successful the region.

While noting that “Worldwide grassroots crypto adoption is down,” the blockchain information steadfast pointed retired that galore of the apical countries connected its Global Crypto Adoption Index are successful the “lower mediate income (LMI)” category, with per capita incomes ranging from $1,086 to $4,255. The steadfast stressed: “Taken together, LMI countries person seen the top betterment successful grassroots crypto adoption implicit the past year.”

In Chainalysis’ Global Crypto Adoption Index for 2022, Vietnam ranked first, followed by the Philippines, Ukraine, India, the U.S., Pakistan, and Brazil.

What bash you deliberation astir the countries that apical Chainalysis’ Global Crypto Adoption Index? Let america cognize successful the comments conception below.