India, Nigeria, Vietnam Lead Chainalysis Global Crypto Adoption Index


Blockchain data analytics firm Chainalysis has finalized its latest Global Crypto Adoption Index. 


India, Nigeria, and Vietnam hold the top three positions, followed by the U.S., Ukraine, Philippines, and Indonesia. “The Central & Southern Asia and Oceania (CSAO) region dominates the top of the index, with six of the top ten countries located in the region,” Chainalysis noted.


Chainalysis Previews Latest Crypto Adoption IndexBlockchain analytics firm Chainalysis published an excerpt from its upcoming 2023 Geography of Cryptocurrency report on Tuesday, which featured the firm’s fourth annual Global Crypto Adoption Index. The complete report is scheduled for release next month.


“We combine on-chain data and real-world data to measure which countries are leading the world in grassroots crypto adoption,” Chainalysis explained, noting that there were 154 countries with sufficient data for evaluation. “We’ve designed the Global Crypto Adoption Index to identify countries where the most people are putting the greatest share of their wealth into cryptocurrency.” Moreover, the firm detailed that its Global Crypto Adoption Index is made up of five sub-indexes, adding that each of those sub-indexes is based on countries’ usage of different types of cryptocurrency services.According to the index, India ranks first overall, followed by Nigeria, Vietnam, the U.S., Ukraine, the Philippines, and Indonesia.


Chainalysis described:The first key takeaway here is that the Central & Southern Asia and Oceania (CSAO) region dominates the top of the index, with six of the top ten countries located in the region.


While noting that “Worldwide grassroots crypto adoption is down,” the blockchain data firm pointed out that many of the top countries on its Global Crypto Adoption Index are in the “lower middle income (LMI)” category, with per capita incomes ranging from $1,086 to $4,255. The firm stressed: “Taken together, LMI countries have seen the greatest recovery in grassroots crypto adoption over the last year.


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


Source : 25Bitcoin News by Kevin Helms / September 14, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.