India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index

Lower-middle-income nations, recognized under the World Banks category of nations by wealth, have revealed the strongest healing in grassroots crypto adoption over the previous 12 months. “In fact, LMI is the only category of countries whose total grassroots adoption stays above where it was in Q3 2020, just prior to the most recent bull market. The report likewise forecasts a potential “bottom up and top down” adoption of cryptocurrencies where these properties serve the needs of users from both high-wealth and establishing nations.India stays the largest cryptocurrency market in the region and leads grassroots adoption, according to Chainalysis index.