Ukraine and Russia fell in the rankings of the global cryptocurrency adoption index. The volume of P2P trade across countries has dropped sharply.
In the global index of cryptocurrency adoption from the analytical company Chainalysis for 2021, citizens of Ukraine dropped to fourth place from first.
Russians moved from second position to eighteenth. The company changed its rating calculation methodology and analyzed the main web traffic of P2P exchangers, “rather than the volume of fiat currencies in popular trading pairs of P2P platforms,” as last year.
The Chainalysis 2021 Global Crypto Adoption Index covers 20 countries to measure the level of adoption and use of cryptocurrency by their residents.
Emerging market economies ranked first due to the sheer volume of transactions on P2P platforms adjusted for purchasing power parity per capita, the Chainalysis report found.
Overall, global adoption cryptocurrencies have grown by more than 800% over the past year, especially in emerging markets.
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