A Peek at How Regulation Molds the Scoreboard – Crypto’s Global Ledger
Ranking crypto “investment” by country is difficult. Since on-chain value flows are better than survey guesswork, I use Chainalysis’s regional and national tallies, supported by additional internet research. Admittedly, the time period for the Chainalysis figures ends in June 2024, but it gives us a rough idea of who uses the most crypto. These are rough estimates:
We see that the U.S. writes the headline numbers, though large emerging markets are catching up.
What would these figures look like if adjusted for population? Here is the per capita breakdown (source):
While India has the largest number of crypto owners (93.5 million people), on a per-capita basis, small, tech-savvy hubs such as the UAE, Singapore, and Vietnam punch…
