Emerging Markets Lead Global Crypto Adoption Index 2022: Report
Blockchain analytics firm Chainalysis has published
its 2022 cryptocurrency adoption index report. Vietnam, the Philippines, India, and
China are among the countries with the highest crypto adoption. While overall
adoption slows worldwide in bear markets, it "remains above pre-bull
market levels," the firm said.
Cryptocurrency Adoption Index 2022
Chainalysis published an excerpt of its upcoming
report titled "2022 Geography of Cryptocurrency" on Wednesday. It
highlights the company’s 2022 Global Crypto Adoption Index, which ranked all
countries based on their usage of different types of cryptocurrency services,
the blockchain data firm explained.
Vietnam tops the overall index list, followed by the
Philippines, Ukraine, India, the United States, Pakistan, Brazil, Thailand,
Russia, and China.
Chainalysis detailed:
"Overall adoption slows worldwide in the bear
market but remains above pre-bull market levels."
Moreover, the blockchain analytics firm noted that
"Emerging markets dominate the global crypto adoption index."
The firm explained that China finally
reentered the top 10 of its global cryptocurrency adoption index this year
after being placed 13th last year.
"Our sub-indexes show that China is especially
strong in the usage of centralized services, placing second overall for
purchasing power-adjusted transaction volume at both the overall and retail
levels," Chainalysis described.
"This is especially interesting given the
Chinese government’s crackdown on cryptocurrency activity, which includes a ban
on all cryptocurrency trading announced in September 2021," the blockchain
analytics firm said. Adding:
"Our data suggests that the ban has either been
ineffective or loosely enforced."
0 Comments