TechFlow news: Blockchain analytics firm Chainalysis released its annual report showing that India and Nigeria continue to lead global grassroots cryptocurrency adoption, while Indonesia is the fastest-growing market. Key highlights are as follows:
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Indonesia jumped up four spots to third place, becoming one of the fastest-growing crypto markets. In the Central and South Asia and Oceania (CSAO) region, Indonesia achieved an annual growth rate of nearly 200%, with the highest value of cryptocurrency received at approximately $157.1 billion.
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India’s return to the top spot may be attributed to its recent registration of offshore exchanges such as Binance and KuCoin, which has added greater credibility to its cryptocurrency ecosystem.
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