Shubam Gaur
India, Nigeria, and Vietnam top the 2023 Global Crypto Adoption Index, revealing lower-middle-income countries’ strong grassroots cryptocurrency embrace, despite regulatory challenges. Chainalysis’ report highlights Central and South Asia’s dominance, with India leading the crypto market. Lower-middle-income nations stand out for their robust crypto adoption amidst a global downturn.
Report: Chainalysis’ 2023 Global Crypto Adoption Index
#1 India Leads Crypto Adoption!
Chainalysis' 2023 Global Crypto Adoption Index reveals India, Nigeria, and Vietnam as leaders in grassroots crypto adoption.
#2 The Methodology Behind The Rankings
The Global Crypto Adoption Index assesses countries' cryptocurrency adoption by considering everyday usage, diverse crypto services, and population size, highlighting the most embraced nations.
#3 Dominance in Regions
The report spotlights Central and South Asia's dominance, with six of the top 10 countries hailing from this region. This underscores the rising interest in cryptocurrency adoption in these areas.
#4 Resilience Amid Challenges
Despite global challenges and a crypto downturn, lower-middle-income nations have shown remarkable resilience, experiencing a resurgence in grassroots adoption that surpasses pre-2020 levels.
#5 India’s Crypto Journey
India is a global crypto leader but faces regulatory hurdles and strict taxation policies. India's proactive stance on global crypto regulations at the G20 Summit indicates its commitment to shaping the future of crypto.
