Chainalysis Report: India and Nigeria Maintain the Top Two Cryptocurrency Adoption Rates

ChainCatcher news, according to CoinDesk, the blockchain analysis company Chainalysis has released its annual report showing that India and Nigeria continue to hold the top two positions in global cryptocurrency grassroots adoption, while Indonesia is the fastest-growing market. The main points are as follows:

1. Indonesia jumped 4 places to third, becoming one of the fastest-growing crypto markets. In the Central and South Asia and Oceania (CSAO) region, Indonesia's annual growth rate is nearly 200%, with the highest value of cryptocurrency received at approximately $157.1 billion.

2. India's return to the top may be attributed to its recent registrations with offshore exchanges such as Binance and KuCoin, providing more credibility to the crypto ecosystem.