• CSAO leads global crypto adoption with high activity in local exchanges and DeFi.

• Lower-income regions see increased stablecoin use, driving practical crypto adoption.

• U.S. Bitcoin ETF boost contrasts with high-income countries’ reduced crypto activity.

The 2024 Global Crypto Adoption Index shows a surprising trend: Central & Southern Asia and Oceania (CSAO) is now the world leader in cryptocurrency adoption. In the latest Chainalysis report, seven out of the top 20 countries on the index are located in this region, highlighting its vibrant crypto scene.

Read also: Chainalysis Study Claims: CSAO Is the 3rd Largest Crypto Market

CSAO’s strength has been in its high activity on local exchanges, strong merchant services, and active participation in DeFi.

Leading Nations in Crypto Adoption

India tops the 2024 index, leading in centralized and retail service values and showing significant engagement in DeFi, despite holding the third spot in this category. Indonesia follows closely, securing the third position overall, with exceptional performance in DeFi, both in general and retail contexts. 

Vietnam also shines, holding its ground across both centr…

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