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India, Nigeria, and Vietnam Lead the World in Crypto Adoption

India, Nigeria, and Vietnam are the top countries for crypto adoption, according to a new report by Chainalysis. However, North America accounts for almost a quarter of all cryptocurrency exchange value received, with the United States leading the way. Chainalysis used web traffic data to calculate adoption, with lower-middle income countries such as India and Nigeria being the greatest adopters since Q2 2022. While North America dominates the crypto market by volume, there has been a decline in institutional transaction volume since April, and stablecoin share has also fallen significantly.

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