India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis’ annual report released Wednesday.
Since last year, Indonesia jumped four places to third as one of the fastest-growing crypto markets. Within the Central & Southern Asia and Oceania (CSAO) Region, Indonesia has the highest year-over-year growth at nearly 200% and the highest cryptocy value received, at approximately $157.1 billion.
As many as seven of the top 20 countries came from the CSAO region.
The U.S. maintained its fourth position from 2023, while Vietnam fell from third to fifth.The report was the fifth such exercise undertaken by Chainalysis. It ranked 151 countries for which sufficient data existed between Q3 2021 to Q2 2024, with a slight change in its methodology. It excluded calculating P2P cryptocy exchange trade volumes and instead factored in DeFi activity.
Coinbase is helping bring cryptocy deeper into the U.S. housing market through a partnership with Better Home…
A growing bipartisan effort to curb financial conflicts of interest in Washington is expanding beyond…
The worlds of fine art and digital collectibles are colliding once again as ElmonX prepares to launch…
VeVe is expanding beyond digital collectibles and comics with the launch of Stickerverse, a new social…
Kalshi is moving quickly to expand its newly approved crypto derivatives business after announcing plans to…
Former U.S. presidential candidate Andrew Yang is expanding his presence in the telecommunications industry after Noble Mobile announced the…