Vietnam, Philippines, India, China Among Top Countries for Crypto Adoption, Chainalysis Global Index Shows

Blockchain analytics steadfast Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the wide adoption slows worldwide successful carnivore markets, it “remains supra pre-bull marketplace levels,” the steadfast said.

Chainalysis’ Latest Cryptocurrency Adoption Index

Chainalysis published an excerpt of its upcoming study titled “2022 Geography of Cryptocurrency” Wednesday. It highlights the company’s 2022 Global Crypto Adoption Index, which ranked each countries based connected their usage of antithetic types of cryptocurrency services, the blockchain information steadfast explained.

According to the index, Vietnam tops the database overall, followed by the Philippines, Ukraine, India, the United States, Pakistan, Brazil, Thailand, Russia, and China.

Chainalysis detailed:

Overall adoption slows worldwide successful carnivore market, but remains supra pre-bull marketplace levels.

Moreover, the blockchain analytics steadfast noted that “Emerging markets predominate the planetary crypto adoption index.”

In addition, the steadfast explained that China yet reentered the apical 10 of its planetary cryptocurrency adoption scale this twelvemonth aft placing 13th past year.

“Our sub-indexes amusement that China is particularly beardown successful usage of centralized services, placing 2nd wide for purchasing power-adjusted transaction measurement astatine some the wide and retail levels,” Chainalysis described.

“This is particularly absorbing fixed the Chinese government’s crackdown connected cryptocurrency activity, which includes a prohibition connected each cryptocurrency trading announced successful September 2021,” the blockchain analytics steadfast said, elaborating:

Our information suggests that the prohibition has either been ineffective oregon loosely enforced.

What bash you deliberation astir Chainalysis’ crypto adoption rankings? Let america cognize successful the comments conception below.