Categories: Ranks & Reports

India ranks second in terms of crypto adoption in the world

India has ranked second in terms of crypto adoption worldwide behind Vietnam, but ahead of countries such as the US, UK, and China, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. This comes even as worldwide crypto adoption grew by 880% between June 2020 and July 2021, according to the report.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the report:

  • A report by US-based research platform Finder released this month corroborated that the top five countries in terms of crypto adoption were all from Asia.
  • The company surveyed 47,000 users worldwide and 30% of those surveyed in India said they owned cryptocurrencies.
  • Bitcoin is the most popular coin in India, followed by Ripple, Ethereum and Bitcoin Cash, according to the report.
  • Crypto adoption in India has also been led by smaller towns in the country. The largest crypto exchange in the country by trading volume, WazirX, said last week that it had seen more than 2,648% growth in user sign-ups from tier II and tier III cities in India.

Find More Ranks and Reports Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
4 years ago

Recent Posts

Union Budget 2026: Income Tax Act 2025 to Start from April 1, 2026

India’s direct tax system is set for a major overhaul. While presenting the Union Budget…

2 mins ago

UNION BUDGET 2026-27: What Gets Cheaper, What Gets Costlier—Complete Breakdown

Finance Minister Nirmala Sitharaman's presentation of the Union Budget 2026-27 marks a strategic pivot toward…

20 mins ago

Union Budget 2026: What Manufacturing Get’s Store For 7 Strategic Sectors

The Union Budget 2026-27 marks a decisive shift towards making India a global manufacturing powerhouse.…

22 mins ago

PART B: INDIA’S BUDGET 2026-27

As India moves steadily toward the vision of becoming a Viksit Bharat (Developed India), the…

34 mins ago

PART A: INDIA’S BUDGET 2026-27

PART A: FOUNDATIONAL VISION Government's Core Commitment (Sankalp) • Transform aspirations into tangible achievements and…

54 mins ago

Union Budget 2026: What are the Three Kartavyas Guiding FM Sitharaman’s Budget 2026 Vision?

While presenting the Union Budget 2026-27, Finance Minister Nirmala Sitharaman laid out a clear philosophical…

54 mins ago