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Blockchain analytics agency Chainalysis has revealed its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the many international locations with the very best crypto adoption. Whereas the general adoption slows worldwide in bear markets, it “stays above pre-bull market ranges,” the agency mentioned.
Chainalysis’ Newest Cryptocurrency Adoption Index
Chainalysis revealed an excerpt of its upcoming report titled “2022 Geography of Cryptocurrency” Wednesday. It highlights the corporate’s 2022 International Crypto Adoption Index, which ranked all international locations based mostly on their utilization of several types of cryptocurrency providers, the blockchain information agency defined.
In accordance with the index, Vietnam tops the record total, adopted by the Philippines, Ukraine, India, the US, Pakistan, Brazil, Thailand, Russia, and China.
Chainalysis detailed:
General 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 yr after putting thirteenth final yr.
“Our sub-indexes present that China is very robust in utilization of centralized providers, putting second total 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 mentioned, elaborating:
Our information means that the ban has both been ineffective or loosely enforced.
What do you concentrate on Chainalysis’ crypto adoption rankings? Tell us within the feedback part under.
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