1. Indonesia Climbs Crypto Adoption Rankings
2. Growth in Crypto Adoption in South Asia and Oceania
3. Global Trends in Cryptocurrency Adoption

Indonesia has significantly improved its position in the global crypto asset adoption rankings, moving from seventh to third place according to the latest Chainalysis report.

Indonesia Climbs Crypto Adoption Rankings

Indonesia has significantly improved its position in the crypto asset adoption rankings published by Chainalysis. Last year, the country was in seventh place, and now it has risen to third.

Growth in Crypto Adoption in South Asia and Oceania

South Asia and Oceania have become leaders in crypto asset adoption, with seven out of the top twenty countries in the Global Crypto Adoption Index 2024 hailing from this region. India, Indonesia, and Vietnam have made the most significant contributions to this growth.

Global Trends in Cryptocurrency Adoption

The Chainalysis report also notes a significant increase in global crypto activity from the fourth quarter of 2023 to the first quarter of 2024. The total value of crypto activities has surpassed the peak seen during the 2021 crypto bull market. Growth has been observed across all income layers, despite a decline in activity from high-income countries since early 2024.

Crypto asset adoption continues to rise globally, led by countries with low and middle incomes. India, Indonesia, and Vietnam are at the forefront of this trend, showing significant increases in activity in both centralized and decentralized financial services.