We calculate the metric by estimating total cryptocurrency received by that country, and weighting the on-chain value based on PPP per capita, which is a measure of the country’s wealth per resident. The goal of this metric is to rank each country by total cryptocurrency activity, but weight the rankings to favor countries where that amount is more significant based on the wealth of the average person and value of money generally within the country. On-chain cryptocurrency value received, weighted by purchasing power parity (PPP) per capita The closer the country’s final score is to 1, the higher the rank. We rank all 154 countries according to each of those three metrics, take the geometric mean of each country’s ranking in all three, and then normalize that final number on a scale of 0 to 1 to give every country a score that determines the overall rankings. The Global Crypto Adoption Index is made up of three metrics, which we’ll explain in detail below. While the professional and institutional markets are crucial, we want to highlight the countries with the greatest cryptocurrency adoption by ordinary people, and focus on use cases related to transactions and individual saving, rather than trading and speculation.īelow, we’ll explain the index’s methodology and how it’s changed compared to last year before showing you the top ranked countries for cryptocurrency adoption, as well as a few trends we found interesting. However, that would favor only the countries with high levels of professional and institutional cryptocurrency adoption, as those market segments move the largest sums of cryptocurrency.

One way to do that would be to simply rank countries by transaction volume. The goal of our crypto index is to provide an objective measure of which countries have the highest levels of cryptocurrency adoption.

Crypto rating review