Chainalysis: APAC Leads Crypto Adoption, India and Indonesia Top List
Central and Southern Asia and Oceania (CSAO) have emerged as global leaders in cryptocurrency adoption, according to the latest report from blockchain analysis firm Chainalysis.
The region accounts for seven of the top 20 countries in the company’s Global Crypto Adoption Index, with India claiming the top spot.
The report, which analyses on-chain cryptocurrency value received between July 2023 and June 2024, reveals that CSAO received more than US$750bn in crypto asset inflows during this period.
This figure represents 16.6% of global value received, placing the region behind only North America and Western Europe.
Institutional Activity Drives Growth
Indonesia leads the region in terms of cryptocurrency value received, at approximately…
