India, U.S., Pakistan Top 2025 Crypto Rankings

India, the U.S., and Pakistan have topped the 2025 Global Crypto Adoption rankings, according to the latest Chainalysis index. Key players such as Chainalysis, WazirX, and CoinDCX led developments in these regions, marking significant progress.

The ranking emphasizes new levels of service and regulation across these nations. India benefits from increasing regulated cryptocurrency exchanges, while Pakistan’s government oversight adapts to the digital economy.

National Crypto Council Drives Pakistan’s Regulation

Pakistan’s regulatory framework is evolving with the formation of the National Crypto Council. In India, an expanding grassroots ecosystem is amplifying trends, supported by key cryptocurrency exchanges.

Stability and regulatory approval drive the U.S. market, with a cited $4.2 trillion volume on-ramping. Historically, India’s 69% year-over-year increase illustrates continued strength in retail transactions and decentralized finance growth.

Stablecoins, Remittances Boost Crypto Adoption in India

In previous years, India and the U.S. consistently performed well in adoption indices. Regulatory changes in Pakistan potentially correspond to increased involvement, reflective of past reactions to legal frameworks.

According to Chainalysis’ Kim Grauer, utility drives adoption, with stablecoins crucial for remittances. Analysts observe that Bitcoin and other assets maintain robust flows, supported by historic policy shifts.

“The biggest driver of this adoption is utility: whether it’s stablecoins used for remittances, savings in inflation-prone economies, or decentralized apps meeting local needs, people adopt crypto when it solves real problems.” — Kim Grauer, Chief Economist, Chainalysis