Summary
The 2024 Geography of Crypto Report serves as a comprehensive analysis of global trends in cryptocurrency adoption, presenting the 2024 Global Crypto Adoption Index. This report details the methodology used to rank 151 countries based on their usage of various cryptocurrency services, including centralized and decentralized finance (DeFi) protocols. The index comprises four sub-indexes that assess on-chain cryptocurrency value received, both in total and retail-sized transactions, weighted by GDP per capita on a purchasing power parity (PPP) adjusted basis. The report outlines significant changes in methodology from previous years, including the exclusion of peer-to-peer exchange data and adjustments in how DeFi activity is measured. The findings indicate that Central & Southern Asia and Oceania lead in cryptocurrency adoption, with notable activity in other regions as well. Additionally, the report highlights the increasing global crypto activity and the impact of institutional investments, particularly in North America, where the market is experiencing substantial growth and integration into mainstream finance.
