Analysts compiled a rating of 154 countries based on data on which part of citizens invests the largest share of savings in crypto-assets. The list of assessed indicators included:
- the cost of cryptocurrencies and the volume of retail trading on centralized exchanges (CEX);
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volume indicators of cryptocurrencies hosted by decentralized finance (DeFi) protocols;
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volume of trade on peer-to-peer (P2P) platforms, weighted by purchasing power parity per capita.
India topped the list, with Nigeria and Vietnam also in the top three. The top 20 included, in descending order: USA, Ukraine, Philippines, Indonesia, Pakistan, Brazil, Thailand, China, Turkey, Russia, UK, Argentina, Mexico, Bangladesh, Japan, Canada and Morocco.
Company representatives noted that the global index of mass adoption of cryptocurrencies is still very far from the historical highs of 2021 and is showing a downward trend. Most of the countries that took leading positions in the ranking are classified by the World Bank as countries with per capita income below average.
Earlier, experts from the CoinMarketCap portal published a report on the digital asset market reaching a capitalization of $1.17 trillion and on the trends demonstrated by the industry in the first half of 2023.
Source: Bits
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