Data from the analytical firm Chainalysis has revealed that Ukraine held the fifth position globally for cryptocurrency adoption in 2023.
India, Nigeria, Vietnam, and the USA ranked higher than Ukraine, occupying the first four spots respectively. Other countries in the top 10 included the Philippines, Indonesia, Pakistan, Brazil, and Thailand.
According to experts, Central and South Asia are at the forefront of mass cryptocurrency adoption, although this trend is on a decline globally.
In 2022, Ukraine previously held the third position for cryptocurrency adoption, following Vietnam and the Philippines.