Chainalysis

Chainalysis

Chainalysis News: India And Nigeria Lead Global Crypto Adoption

September 11, 2024

Chainalysis Unicorn News - September 11, 2024

Chainalysis' latest report reveals India and Nigeria as the top countries for grassroots crypto adoption, with Indonesia showing the fastest growth. Discover the shifting dynamics in global cryptocurrency usage and the key regions driving this change.

( 00:00:00 ) Introduction

( 00:00:35 ) Chainalysis Reports India and Nigeria Lead in Crypto Adoption with Indonesia as Fastest Growing

0:00 - 0:00

Chainalysis' annual report reveals that India and Nigeria continue to lead the world in grassroots cryptocurrency adoption, maintaining their top positions. Indonesia has experienced significant growth, climbing four places to third with nearly 200% year-over-year growth and recording the highest cryptocurrency value received in the Central & Southern Asia and Oceania (CSAO) Region at approximately $157.1 billion. The United States has held steady in fourth place, while Vietnam has dropped from third to fifth. These shifts underscore the dynamic and rapidly evolving nature of global cryptocurrency adoption, with notable advancements in several key regions.

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Sources

1 https://www.coindesk.com/policy/2024/09/11/india-and-nigeria-lead-the-world-in-crypto-adoption-again-but-indonesia-is-fastest-growing-chainalysis/

2 https://biztoc.com/x/ac33edefa3149960

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