In its 2025 edition of the Global Crypto Adoption Index, Chainalysis presented the main countries driving the adoption of cryptocurrencies around the world. The Asia Pacific (APAC) region stood out once again, cementing its role as the global hub of core crypto activity.
India, US and Pakistan lead crypto adoption
According to the report, India, Pakistan and Vietnam have become the top three countries in the APAC region with widespread digital asset activities on both centralized and decentralized platforms. Interestingly, North America is not far behind.
Following Donald Trump’s victory in the November 2024 US presidential election, the US crypto ecosystem has gained new momentum, supported by favorable regulations and wider acceptance by banks and financial institutions.
In the overall index ranking, India retained its top spot, leading all subcategories, including centralized value, decentralized finance (DeFi) value and institutional value.
The United States moved up to second place, while Pakistan, Vietnam and Brazil rounded out the top five. As highlighted, the APAC region remains the fastest-growing hub of on-chain digital asset activity.
The APAC region saw a 69% year-over-year increase in value received, while total transaction volume increased from $1.4 trillion to $2.36 trillion. Much of this growth is due to increased activity in India, Pakistan and Vietnam.
Latin America followed closely, showing a 63% increase in adoption across the retail and institutional segments. Sub-Saharan Africa saw growth of 52%, mainly fueled by the region’s reliance on cryptocurrencies for remittances and everyday payments.
That said, in absolute terms, North America and Europe remain dominant, receiving over $2.2 trillion and $2.6 trillion, respectively. Overall, although adoption increased across all regions, APAC and Latin America emerged as the most notable leaders.
Adjusted for population, the Global Crypto Adoption Index 2025 rankings paint a different picture. After adjusting for population, the top three countries are Ukraine, Moldova and Georgia.
Recent Adoption Progress in APAC
The dominance of the APAC region in terms of crypto adoption is hardly a surprise, as the last year saw various positive developments regarding digital assets in countries belonging to the region.
For example, in June 2025, Vietnam finally gave the green light to a new digital technology law that made cryptocurrencies subject to formal rules for the first time. The law also requires the establishment of new anti-money laundering and cybersecurity mechanisms to meet global standards.
Similarly, Pakistan revealed plans to establish a National Crypto Council to oversee the country’s burgeoning virtual assets sector. The development follows the South Asian nation’s decision to legalize cryptocurrencies in November 2024.
India – which is at the forefront of crypto adoption despite having some of the strictest tax regulations in place on digital assets – is also slowly warming up to the idea of creating a Bitcoin (BTC) reserve. At press time, BTC is trading at $112,091, up 1.1% in the last 24 hours.
Disclaimer: For informational purposes only. Past performance is no guarantee of future results.
