Chainalysis: Central, Southern Asia and Oceania dominate crypto adoption
Central & Southern Asia and Oceania (CSAO) lead the crypto adopt ion index, contributing six countries on the top ten list of Chainalysis’ latest index. Chainalysis has shared its recent report with crypto .news. As in previous cases, the paper evaluates the crypto adopt ion rate globally across all continents over the past year, coming up with a ranking system for the top countries in terms of crypto adopt ion index. CSAO commanded 19.3% of the global cryptocurrency value received between July 2022 and June 2023. The region witnessed a predominance of large institutional transactions — over $10 million — for crypto transfers. Small and large retail transactions contributed very little. Per the report, the evaluation considers important parameters, including rankings for centralized service value received, retail centralized service value received, P2P exchange volume, DeFi value received, and retail DeFi value received. You might also like: Former PayPal presid...