India tops the ranks for grassroots cryptocurrency adoption according to Chainalysis' 2023 crypto adoption index.
India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies.to its annual Index report which shows that central and south Asia and the wider Oceania regions dominate the top of its index, with six of the top ten countries located in this area of the world.
“In fact, LMI is the only category of countries whose total grassroots adoption remains above where it was in Q3 2020, just prior to the most recent bull market.” “If LMI countries are the future, then the data indicates that crypto is going to be a big part of that future.”
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