The post India ranks first in the Chainalysis 2024 crypto adoption ranking appeared on BitcoinEthereumNews.com.

India has emerged as the top country in Chainalysis’s 2024 crypto adoption ranking. Specifically, in the top 20, 7 countries belong to the Central and Southern Asia and Oceania (CSAO) region.  India is the country with the most widespread crypto adoption in the world in 2024 according to Chainalysis Chainalysis, blockchain analysis company, has published its Global Crypto Adoption Index 2024, highlighting that India is in first place in the ranking. “Our Global Cryptocurrency Adoption Index 2024 has arrived! The top 10 countries have embraced 5 continents, but Central and Southern Asia and Oceania (CSAO) have dominated the list. Keep reading to see the top 20 countries and to learn about global adoption trends.” In practice, the report describes that the data analysis is both on-chain and off-chain and that India has been found to be the country with the most widespread adoption of criptovalute in the world. Not only, in the top 20 countries, but seven belong to the region of Central and South Asia and Oceania (CSAO). Besides India, in fact, the other six countries in this area are Indonesia, Vietnam, Philippines, Pakistan, Thailand, and Cambodia.  In the overall ranking, there is Nigeria in second place, the USA in fourth place, Ukraine and Russia in sixth and seventh place respectively. Brazil, on the other hand, closes the ranking in tenth place.  India and crypto adoption 2024: the ranking by Chainalysis Chainalysis also wanted to publish the methodology used to calculate the global cryptocurrency adoption index, which has changed over the years.  Meanwhile, a total of 151 countries have been classified based on the use of crypto but also on crypto services, weighing the available data. Here is how it reads in the report: “The Global Crypto Adoption Index is composed of four sub-indices, each of which is based…

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Filed under: News - @ September 15, 2024 1:13 pm