In 2021, cryptocurrency acceptability will continue to grow all over the world, with trade strength based on geographic presence growing and dropping in response to repeating bullish and bearish patterns.
During this time, Chainalysis, a blockchain analytics platform, created a Global Crypto Adoption Index report based on trading measures.
According to the findings of the survey, Ukraine and Russia are ahead of tech-savvy countries like the United States, China, and Japan in terms of crypto acceptability.
African countries also secured a few fantastic slots on the top 20 list. Kenya is ranked fifth, South Africa is seventh, and Nigeria is comfortably eighth. Pakistan is ranked 15th in the world for digital currency acceptance in Asia.
According to Chainalysis, Pakistan generated a profit of USD 1.5 billion in the cryptocurrency market last year, with many analysts predicting that it might have been considerably more in 2020–21 if transactions were made easier.
Furthermore, in the previous 14 months, Pakistan and other Asian countries have shown extraordinary progress in terms of crypto acceptance.
China is ranked fourth, Vietnam tenth, India eleventh, Thailand twelveth, and South Korea seventeenth.
The Middle East is also keeping up, despite the fact that several countries in the region still prohibit any blockchain-related activities.
Globally, huge businesses and customers are growing more open to blockchain technology and cryptocurrencies, leaving major online marketing and payment organisations with no choice but to satisfy demand.
After everything is said and done, despite the fact that huge corporations are becoming increasingly interested in blockchain technology, the industry is expected to witness a large number of new entrants in the near future.
