1
India is ranked first in crypto adoption in 2023 and it also holds first position in service value ranking.
2
Nigeria is second, followed by Thailand.
3
Adoption rate in lower middle-income (LMI) countries is high.
The report by Blockchain data analysis platform Chainalysis focuses on crypto adoption in countries worldwide. The report is prepared with the help of on-chain data, transaction volume data of centralized exchanges and output provided by the authorities working in these countries.
According to this detailed report, India is ranked first in terms of crypto adoption and it also holds first position in service value ranking. Nigeria is ranked second in crypto adoption and third in centralized service value received ranking.
Dozens of countries on the Chainalysis Global crypto adoption index are in the LMI category. Cumulatively, lower middle income countries have seen the greatest recovery in grassroots Crypto adoption since
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