The nation was ranked top in the globe in Chainalysis’ yearly survey of cryptocurrency adoption.
Chainalysis has identified the nations with the highest rates of recent adoption of digital assets.
The newest information The pre- and post-bull markets are both represented in the 2022 Global Crypto Adoption Index.
Vietnam continues to be the leader, as it did in 2021 as well, proving the nation’s endurance in terms of cryptocurrency interest.
Surprisingly, Ukraine came in third overall, just after The Philippines, according to the survey.
One of the nations with the fastest adoption of cryptocurrencies has been Ukraine. The nation has launched numerous public and private crypto initiatives despite a raging war.
Most recently, a grocery shop chain called VARUS and a cryptocurrency exchange called Binance collaborated to introduce digital payments.
Despite having banned cryptocurrency mining back in 2021, China managed to reenter the top 10 nations, which is an interesting blip on the radar.
Currently, 21% of Vietnamese consumers either currently own digital assets or have owned digital assets in the past.
With 32% of Nigeria’s population having ever possessed digital assets, Vietnam is behind Nigeria in this category.
When it comes to the adoption of cryptocurrencies, Vietnam still has a higher overall score than Nigeria since Chainalysis takes into account more factors than only the ownership of digital assets.
The US, which comes in fifth, has a high rate of cryptocurrency use and generally favorable opinions, according to the report.
Following the aforementioned suspension, China has been able to once again bridge the deficit from 13th to 10th place.
