Q. What is India’s rank in terms of crypto adoption worldwide?
Answer:
Second
Notes:
- India ranks second in terms of crypto adoption worldwide behind Vietnam, but ahead of countries such as the US, UK, and China, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis.
- A report by US-based research platform Finder released this month corroborated that the top five countries in terms of crypto adoption were all from Asia.
- The company surveyed 47,000 users worldwide and 30% of those surveyed in India said they owned cryptocurrencies.
- Bitcoin is the most popular coin in India, followed by Ripple, Ethereum and Bitcoin Cash, according to the report.