Emerging markets are becoming a driving force in the crypto revolution in 2025, showing strong growth and active participation.
Rapid Growth of the Crypto Industry
By March 2025, the cryptocurrency industry is demonstrating incredible growth. Countries like Nigeria, Vietnam, and India are actively embracing the crypto economy. In 2024, India and Nigeria took leading positions in Chainalysis's crypto adoption list, and this trend continues. For example, in Nigeria, naira-based trade volume has increased by 35% compared to last year. Vietnam is also seeing a 20% rise in peer-to-peer Bitcoin trades just in the first quarter, while in India, new wallet subscriptions increased by 17%.
How Technology Supports the Crypto Boom
Technological advancements play a key role in the blockchain boom of 2025. With over 6.8 billion smartphone users worldwide, access to cryptocurrencies is becoming easier. For instance, Kenya recorded 16,000 BTC in peer-to-peer trades in February, a 22% increase from 2024. Stablecoins like USDT are also gaining popularity, especially in Brazil, where their use increased by 25% in 2024.
Who's Involved and What's Ahead
The younger generation in countries like Nigeria and India is actively participating in the crypto revolution. According to a Luno survey, 60% of new cryptocurrency wallet users in Nigeria in 2025 are under 35. In rural India, the number of new wallets grew by 15% this year. Meanwhile, women are becoming an increasingly significant part of the crypto community in Southeast Asia.
Cryptocurrencies are becoming a powerful tool for combating inflation and improving access to financial services in developing countries, making this process not just a trend, but a new foundation of the global economy.
