According to the latest Global Crypto Adoption Index 2025 by Chainalysis, India leads the world in cryptocurrency adoption. The report analyzes both on-chain and off-chain data to highlight where crypto is being actively used in everyday life. India tops all four sub-indices – from retail transactions to DeFi and institutional activity – securing the number one spot.
In 2025, APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan, and Vietnam, whose populations drove widespread adoption across both centralized and decentralized services. At the same time, North America climbed to the second-highest regional position in the presence of regulatory momentum, including the approval of spot bitcoin ETFs and clearer institutional frameworks, that helped legitimize and accelerate crypto participation across traditional financial channels.
The 2025 Global Crypto Adoption Index Top 20
| Country | Overall index ranking | Retail centralized service value received ranking | Centralized service value received ranking | DeFi value received ranking | Institutional centralized service value received ranking |
|---|---|---|---|---|---|
| India | 1 | 1 | 1 | 1 | 1 |
| United States | 2 | 10 | 2 | 2 | 2 |
| Pakistan | 3 | 2 | 3 | 10 | 3 |
| Vietnam | 4 | 3 | 4 | 6 | 4 |
| Brazil | 5 | 5 | 5 | 5 | 5 |
| Nigeria | 6 | 7 | 8 | 3 | 8 |
| Indonesia | 7 | 9 | 7 | 4 | 7 |
| Ukraine | 8 | 4 | 6 | 8 | 6 |
| Philippines | 9 | 6 | 9 | 13 | 10 |
| Russian Federation | 10 | 8 | 10 | 9 | 11 |
| United Kingdom | 11 | 27 | 12 | 12 | 9 |
| Ethiopia | 12 | 16 | 19 | 7 | 20 |
| Bangladesh | 13 | 14 | 15 | 14 | 14 |
| Turkiye | 14 | 11 | 13 | 22 | 12 |
| Korea | Rep. | 15 | 12 | 11 | 24 |
| Yemen | Rep. | 16 | 15 | 16 | 21 |
| Thailand | 17 | 21 | 17 | 15 | 17 |
| Venezuela | RB | 18 | 13 | 14 | 37 |
| Japan | 19 | 17 | 20 | 16 | 27 |
| Argentina | 20 | 18 | 18 | 29 | 19 |
Following India are the United States at #2, Pakistan at #3, and Vietnam at #4. Notably, the APAC region is experiencing rapid growth, with on-chain transaction volumes up 69% year-over-year, driven by strong participation in India, Pakistan, and Vietnam. Latin America grew by 63%, while Sub-Saharan Africa increased by 52%, highlighting the shift of crypto adoption toward the Global South.
The report also shows that crypto adoption today spans nearly all income brackets. In developed markets, institutional investment and regulatory clarity are driving participation, while in emerging markets, people increasingly use cryptocurrencies for remittances, everyday payments, and wealth preservation.
India’s leading position sends a clear signal: cryptocurrencies are no longer niche assets but an integral part of daily financial life, and Asia continues to drive the global crypto revolution.
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