The US has moved up to second place in crypto adoption, according to Chainalysis, trailing only India, which has maintained its top position for three consecutive years. The report indicates that the Asia Pacific region experienced the fastest overall growth in crypto adoption, led by countries such as India, Pakistan, and Vietnam. Regulatory advancements and the adoption of Bitcoin spot exchange-traded funds (ETFs) in the US have contributed significantly to this increase in adoption, particularly in mature markets with clearer regulations. Chainalysis highlights the utility of crypto solutions in addressing real-world financial needs, especially in regions facing economic instability. Notably, Pakistan saw significant growth, moving to third place, while Nigeria slipped to sixth. In Eastern Europe, countries like Ukraine, Moldova, and Georgia topped the per-capita adoption rankings, driven by economic challenges and a lack of trust in traditional banking systems. Throughout this period, Bitcoin continued to dominate the market, reflecting its status as the primary entry point into crypto.

Source 🔗