Blockchain analytics agency Chainalysis has printed its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the many international locations with the best crypto adoption. Whereas the general adoption slows worldwide in bear markets, it “stays above pre-bull market ranges,” the agency stated.
Chainalysis’ Newest Cryptocurrency Adoption Index
Chainalysis printed an excerpt of its upcoming report titled “2022 Geography of Cryptocurrency” Wednesday. It highlights the corporate’s 2022 World Crypto Adoption Index, which ranked all international locations primarily based on their utilization of several types of cryptocurrency companies, the blockchain information agency defined.
Based on the index, Vietnam tops the checklist general, adopted by the Philippines, Ukraine, India, the US, Pakistan, Brazil, Thailand, Russia, and China.
Chainalysis detailed:
Total adoption slows worldwide in bear market, however stays above pre-bull market ranges.
Furthermore, the blockchain analytics agency famous that “Rising markets dominate the worldwide crypto adoption index.”
As well as, the agency defined that China lastly reentered the highest 10 of its world cryptocurrency adoption index this 12 months after putting thirteenth final 12 months.
“Our sub-indexes present that China is very robust in utilization of centralized companies, putting second general for buying power-adjusted transaction quantity at each the general and retail ranges,” Chainalysis described.
“That is particularly fascinating given the Chinese language authorities’s crackdown on cryptocurrency exercise, which features a ban on all cryptocurrency buying and selling introduced in September 2021,” the blockchain analytics agency stated, elaborating:
Our information means that the ban has both been ineffective or loosely enforced.
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