Summary of this article
India tops crypto adoption, US rises second, APAC grows fast.
Latin America, Sub-Saharan Africa show strong adoption growth globally.
North America, Europe lead transaction volumes; MENA grows steadily.
India has secured the top position in Chainalysis sixth annual 2025 Global Crypto Adoption Index, while the United States moved up to second place. The report ranks countries based on cryptocurrency adoption worldwide.
Following India and the US, Vietnam and Pakistan have emerged as leading countries with notable crypto adoption. These markets have also experienced strong growth in on-chain activity, which was created by increasing retail participation and the use of digital assets for everyday transactions.
India Tops Crypto Adoption for Third Consecutive Year
Commenting on India’s top position in crypto adoption, Edul Patel, CEO of Mudrex said, “India has secured the top spot in crypto adoption for the third consecutive year. This leadership is fueled by the country’s low mobile data costs, internet penetration nearing 900 million users, seamless crypto platforms for both retail and institutional investors, high remittance demand supporting stablecoins, a digitally savvy youth population, and rising financial literacy. Combining these factors creates a strong environment for continued adoption.”
As adoption in India has grown rapidly, a key challenge remains the lack of clear regulations. Edul added: “Without a defined framework, investors and institutions face uncertainty, which could slow adoption. Clear rules would boost legitimacy, encourage innovation, and attract more institutional participation.”
Asia-Pacific Sees Rapid Crypto Adoption
Beyond India, the Asia-Pacific region emerged as the fastest-growing hub for on-chain crypto activity over the past year. The report highlights total transaction volumes in APAC rose from $1.4 trillion to $2.36 trillion, marking a 69 per cent year-on-year increase. Vietnam and Pakistan are key contributors to this expansion with both retail and institutional engagement. The increase represents not only trading activity, but also use of cryptocurrency such as remittances, payments, and digital commerce.
Rising Crypto Adoption Across Other Regions
With the rapid growth in APAC, Latin America also saw strong crypto adoption, rising 63 per cent, led by countries such as Brazil. Both retail and institutional users contributed to this increase that shows crypto’s growing role in financial activities. Sub-Saharan Africa also recorded steady growth of 52 per cent.
Also, the north America and Europe remained the leading cryptocurrency marketplaces, with transactions totaling $2.2 trillion and $2.6 trillion, respectively. North America expanded by 49 per cent due to institutional interest and new Bitcoin ETFs, while Europe gained by 42 per cent. The MENA region saw 33 per cent growth, with transactions exceeding $500 billion.
According to report, as compared to last year, crypto adoption has accelerated across most regions. APAC’s growth rose from 27 per cent to 69 per cent, Latin America from 53 per cent to 63 per cent, and North America from 42 per cent to 49 per cent, while Europe, MENA, and Sub-Saharan Africa also recorded steady increases, reflecting broader global expansion.
