Ukraine tops global cryptocurrency adoption ranking

Ukraine is leading an international country ranking for cryptocurrency adoption, coming ahead of Russia, China, South Africa, Nigeria, Kenya, and the US.

The 2020 Global Crypto Adoption Index, compiled by blockchain data analytics firm Chainalysis, offers a review of 154 countries. This 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.”

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Topics: Cryptocurrencies, Data & reports, International, Payments & fintech
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