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Sunday, May 5, 2024

Thailand slips in crypto adoption

Chainalysis survey tracks grassroots usage as opposed to raw transaction volumes

Thailand has slipped two places to 10th in the fourth annual Chainalysis Global Crypto Adoption Index, which combines on-chain and real-world data to measure which countries lead the world in grassroots crypto adoption.

Grassroots crypto adoption is not about which countries have the highest raw transaction volumes — the biggest, wealthiest countries are far ahead there.

The survey by Chainalysis, a New York-based blockchain analysis firm, highlights the countries where average, everyday people are embracing crypto the most.

The findings identify countries where the most…

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