Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the US are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis.
Chainalysis’ 2020 Global Crypto Adoption Index, released earlier this week, ranks 154 countries based on their cryptocurrency adoption.
The crypto adoption index is made up of four metrics, calculated by “estimating total cryptocurrency received by that country, and weighting the on-chain value based on PPP per capita, which is a measure of the country’s wealth per resident,” Chainalysis described. “The higher the ratio of on-chain value received to PPP per capita, the higher the ranking.”
Topics:
Cryptocurrencies, Data & Reports, Fintech, International
