Central & Southern Asia
The 2024 Global Crypto Adoption Index revealed that Central & Southern Asia and Oceania (CSAO) lead the world in crypto adoption. The region boasts seven of the top 20 countries, showcasing high levels of activity across centralized services and decentralized finance (DeFi) protocols.
This rapid uptake is reportedly driven by a combination of retail and institutional interest, as well as a need for more accessible financial tools in emerging markets. Interestingly, crypto adoption in the CSAO region is primarily focused on using local exchanges and services to facilitate everyday transactions, which explains the high on-chain value of retail-sized transfers.
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