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Blockchain data platform Chainalysis has just published its latest research report, focusing on the cryptocurrency market across Central, Southern Asia and Oceania.
This is the final instalment of Chainalysis’s 2021 Global Cryptocurrency Adoption Index, and follows previous reports that also analysed the following topics:
- Cryptocurrency markets across Western, Central and Northern Europe,
- Eastern Europe’s Crypto Crime Landscape,
- Global DeFi Adoption
- Global Crypto Adoption.
Key takeaways from the latest report include:
- Central & Southern Asia and Oceania (CSAO) is the fourth largest cryptocurrency market that we’ve studied with over $572.5 billion in value received between July 2020 and June 2021, which represents 14% of global transaction value during the time period
- CSAO’s transaction activity grew by 706% compared to last year in terms of raw value, and its share of global cryptocurrency activity grew by 2%, making CSAO one of the fastest-growing of all the regions that has been studied by Chainalysis
- Grassroot Adoption: CSAO contains the top three countries in Chainalysis’ Global Crypto Adoption Index, with Vietnam at number one, India at two, and Pakistan at three. Thailand also placed 12th and the Philippines 15th
- Large institutional-sized transfers above $10 million worth of cryptocurrency represent 42% of transactions sent from India-based addresses, versus 28% for Pakistan and 29% for Vietnam. Those numbers suggest that India’s cryptocurrency investors are part of larger, more sophisticated organizations.
