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[Symmetrick]

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[maisao1991]

Well, I didn't expect that my country's place in the top1 rank is so high, compared to other countries countries like Venezuela, Kenya, Nigeria, Vietnam participating in cryptocurrency are quite crowded and it seems that the popularity The strongest change and response is in a developing country like Vietnam, where did you get this statistics?.

[avikz]

Well it seems the crypto winter is nowhere near! What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control. I am not surprised to see my country in top 3 because the exchanges are pushing really hard. I can see tv commercials from crypto exchanges during sports and high profile events! Those have yielded a good result it seems! Cheers to the mass adoption growth rate, the numbers are really amazing!

[fiulpro]

This is a good news for sure.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.

[Kittygalore]

No matter which number you use, it's still a lot of number I mean 8x than the last time is definitely a big deal although there's still a lot to go before we can get into total global adoption. I am really happy that the Chinese ban on crypto didn't even make so much as a small dent to the rate of adoption, it's still increasing China.

[istiak2277]

This is a good news for sure.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.

I think mining is not a problem for the government. It's just one of many excuses for banning bitcoin. Govt just doesn't want to legalize crypto without regulation. But they also can not stop the evolution of the blockchain and the crypto industry. I hope the Indian govt will understand the possibilities of this sector and make more amends about it. One of the largest countries in the world in population can give huge momentum in the whole industry.

[teosanru]

These are actually pretty modest numbers, in India, I can vouch that every single person wants to invest their money in cryptos, they want to just throw their money in any coin they find, and if someone says that this shitcoin can make your money 10x, they will just blindly put all their life savings into that. Not only the young generation even the middle-aged people are realizing cryptocurrencies as an investment option, I have seen around 10 ICO projects which are undoubtedly nothing more than a scam in just the past one-week holding seminars in my city promoting their shitcoins, the only bad thing I see here is adoption isn't growing in terms of crypto as a currency which really is a matter of concern.

[Coyster]

What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control.

I believe that increase will continue as long as people are still ready to use and trade crypto, I say so cause of all the regulations and bans governments have been issuing of late, the Nigerian government's ban on banks accepting crypto transactions from exchanges is a very good example, they actually thought it would dissuade people from using crypto, but it was somewhat counterproductive as the interest in crypto amongst Nigerians heightened. Nigerians now comfortably trade crypto via p2p, increasing p2p trades; and that is the case in many countries with similar bans or hostilities, people would just avoid centralized exchanges/services and transact using p2p.

If there is no improvement in global economics sooner rather than later and inflation still continues to plague diverse countries, then global crypto adoption may come at a time sooner than we actually expected it to.

[dothebeats]

A lot of people has certainly opened their eyes to crypto this recent year. The growing number of people exposed to some form of cryptocurrency is really good, especially if they are here to get educated and know a lot of facts on cryptos before deciding to spend any money on it.

In the Philippines, most people are introduced to cryptocurrencies thanks to the rise of NFT games. It encouraged them to learn more about cryptocurrencies, exchanges, and everything crypto related since P2E (play to earn) game models are on the rise. They see P2E NFT games as a gateway to a larger picture of the whole crypto scene, and that, IMO is aa pretty good start.

[so98nn]

Thats just unbelievable and sarcastic to see the developing countries in the Top 5 list of Global Indexing where they are the top most contributors of crypto. I knew it, India would out-perform throughout the globe consider that peeps here are rich and has huge amount of black money to hide. Specially the politicians! The day won't be far when crypto whales would not be from USA or Europe but from the Indian Political background. Lolz. Believe me, India has seen billions of dollars back in days when they had to do change all the denominations so that money launderer would have been caught straight away.

This is a great article to study the crypto makers according to countries. It's big thing, even after crypto ban in the bill or at least null decisions on the Indian crypto, the country holds highest rank in crypto.

[Obito]

These are actually pretty modest numbers, in India, I can vouch that every single person wants to invest their money in cryptos, they want to just throw their money in any coin they find, and if someone says that this shitcoin can make your money 10x, they will just blindly put all their life savings into that. Not only the young generation even the middle-aged people are realizing cryptocurrencies as an investment option, I have seen around 10 ICO projects which are undoubtedly nothing more than a scam in just the past one-week holding seminars in my city promoting their shitcoins, the only bad thing I see here is adoption isn't growing in terms of crypto as a currency which really is a matter of concern.

That can be a good breeding ground for scams, people just wanting to invest money into crypto is going to definitely make for some malicious minds to get in and try to con these dumb and innocent people who just wants their lives to become better. Might want to put an action and educate your fellow Indians that not every coin is worth investing for.

[tyz]

This is a nice development and in my opinion only the beginning. I have an RSS feed with crypto news from over 30 sources, most of which I read daily. What is striking is the amount of news lately about more and more companies and financial institutions planning or working on implementing crypto. I think the real push of adaptation will come in the next two years.

[kryptqnick]

Judging from the image, it seems that the data about growth is not so straightforward. There was a spike somewhere around spring in transaction value (which seems to be one of the key factors of the ranking), but then it dropped well below what it was in July 2020. If it was a temporary spike due to Bitcoin reaching ATH, this progress can be rolled back and doesn't really signify major improvement of the adoption rate. As for 200 million users, it should be noted that estimates of this can be strikingly different. For instance, I've encountered 106 million users as of February 2021, and 300 million users as of June 2021, but these were made by different companies, so it's hard to compare them against one another. If the amount of users doubled or tripled in half a year, it's a great achievement, but I'm not sure that's the case.

[cheezcarls]

Well it seems the crypto winter is nowhere near! What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control. I am not surprised to see my country in top 3 because the exchanges are pushing really hard. I can see tv commercials from crypto exchanges during sports and high profile events! Those have yielded a good result it seems! Cheers to the mass adoption growth rate, the numbers are really amazing!

I’ve been doing P2P trading lately rather than relying on centralized exchanges. Yes so far it will increase because there are no doubts that our respective government might introduce tight regulations later on related to cryptocurrency and blockchain technology.

It’s great to see Philippines as one of the countries who have increased crypto adoption, especially when it comes to play-to-earn blockchain NFT games. Looking forward to the future, but as well as how our country would regulate this space.

[Taskford]

Well it seems the crypto winter is nowhere near! What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control. I am not surprised to see my country in top 3 because the exchanges are pushing really hard. I can see tv commercials from crypto exchanges during sports and high profile events! Those have yielded a good result it seems! Cheers to the mass adoption growth rate, the numbers are really amazing!

I’ve been doing P2P trading lately rather than relying on centralized exchanges. Yes so far it will increase because there are no doubts that our respective government might introduce tight regulations later on related to cryptocurrency and blockchain technology.

It’s great to see Philippines as one of the countries who have increased crypto adoption, especially when it comes to play-to-earn blockchain NFT games. Looking forward to the future, but as well as how our country would regulate this space.

Many people seeking for opportunity in this pandemic and when they discover NFT is one of the great source of income many got crazy to ride up the hype that's why we see a huge number of increase in quick instance and once NFT games will stay here for long time for sure many more will come since this NFT things will became the alternative of all of people since we can't deny that by here we can earn more than our regular jobs, and the potential to earn huge is what makes people like about the game.

[teosanru]

These are actually pretty modest numbers, in India, I can vouch that every single person wants to invest their money in cryptos, they want to just throw their money in any coin they find, and if someone says that this shitcoin can make your money 10x, they will just blindly put all their life savings into that. Not only the young generation even the middle-aged people are realizing cryptocurrencies as an investment option, I have seen around 10 ICO projects which are undoubtedly nothing more than a scam in just the past one-week holding seminars in my city promoting their shitcoins, the only bad thing I see here is adoption isn't growing in terms of crypto as a currency which really is a matter of concern.

That can be a good breeding ground for scams, people just wanting to invest money into crypto is going to definitely make for some malicious minds to get in and try to con these dumb and innocent people who just wants their lives to become better. Might want to put an action and educate your fellow Indians that not every coin is worth investing for.

This is true, this already has become a breeding ground for scams, in fact I have multiple people in my acquaintance who have invested their hard-earned money in these shitcoins, now the worst part is that a few of these shitcoins have made their tokens locked, which means the supply would get unlocked at some future date which means even if you become aware of the foolishness that you have done you just can't sell because they have locked the tokens. I think these scams will be the reason why our government might end up banning all kinds of cryptocurrency projects.

[agg2702]

No matter which number you use, it's still a lot of number I mean 8x than the last time is definitely a big deal although there's still a lot to go before we can get into total global adoption. I am really happy that the Chinese ban on crypto didn't even make so much as a small dent to the rate of adoption, it's still increasing China.

maybe the term die one grows a thousand is a very appropriate thing to say now especially for bitcoin.
speaking for china, they refuse because they want to advance and raise the prestige of their CDBC and that is their right but for sure with the data from this OP I think some will continue to grow both in adoption and legalization and this is certainly a very good thing.
as long as there are pros and cons about crypto of course it will make it even better because those who haven't adopted about crypto will do research and will become aware that this is very good.

[tygeade]

Adoption is actually the only fuel for natural growth so it's a great sign that the adoption has gone up so much. I have been a huge critic of Elon Musk for all the trolling he did with dogecoins but I do feel that he has contributed a lot towards this adoption. It might be intentional or not but it cannot be denied that he with his tweets has made crypto much more famous.

The real value of Bitcoin shall be calculated once the adoption curve has reached the maximum value or has become saturated and there's no substantial growth happening. Then the price of BTC can actually be considered as the true value.

[DoublerHunter]

This is a nice development and in my opinion only the beginning. I have an RSS feed with crypto news from over 30 sources, most of which I read daily. What is striking is the amount of news lately about more and more companies and financial institutions planning or working on implementing crypto. I think the real push of adaptation will come in the next two years.

^ Many of them probably waiting with results of early companies and other financial institutions that adopted BTC. And now they saw that there is a progress of adopting BTC and some of them already earned upon holding, why not also if they try to risk their money, businessmen are always known how to ride a risk just to get higher profit and this is now, we have shown an adoption growth and thanks for the data the shown above, it reminds us that invest and holding is a better way to gain profit since we have a lot of improvement when it comes to top the BTC addption.

[verita1]

Venezuela occupies position 7. I am Venezuelan and I do not understand how my country has not shown a little progress. The answer is likely to be how oil production in Venezuela has been in decline due to sanctions, lack of budget for refineries to operate at their magnitude and despite having the largest oil reserve in the world 303,806.0.
Venezuelans need a bit of initiative, they should also be educated to include bitcoin and cryptocurrencies in their economies, but the government has failed there.