of Chainalysis 2022 Global Crypto Adoption IndexAccording to its report titled, Turkey is among the top 20 countries that have adopted cryptocurrencies the most.
Chainalysis shared its analysis results from worldwide cryptocurrency transactions and other relevant metrics to identify which countries are leading the world in cryptocurrency adoption.
Turkey Ranked 12th Out of 154 Countries in Crypto Adoption Index
2022 Global Adoption Indexreveals that adoption in a total of 154 countries stabilized last year after growing steadily since mid-2019.
While emerging markets dominate the index, it is noteworthy that lower-upper middle-income countries are at the top. Countries are divided into one of four categories based on income levels and overall economic development. These categories are; high income, upper middle income, lower middle income and low income. Turkey, on the other hand, is included in this index as an upper-middle income group.
Vietnam tops the list as the country with the highest cryptocurrency adoption. The Philippines and Ukraine also follow Vietnam at the top.
While crowded countries such as India, USA and Russia stand out among the top 10, Turkey,Upper middle-income countries such as Argentina, Colombia and Ecuador are also in the top 20 of the list.
