Ukraine and Russia fell in the rankings of the global cryptocurrency adoption index. P2P trading volume atthe territory of the countries dropped sharply.
In the global index of adoption of cryptocurrencies from the analytical company Chainalysis for 2021, citizens of Ukraine dropped to fourth place from first.
The Russians moved from the second position toeighteenth. The company changed the methodology for calculating the rating and analyzed the main web traffic of P2P exchangers, "and not the volume of fiat currencies in popular P2P trading pairs," as in the past year.
The Chainalysis 2021 Global Crypto Adoption Index covers 20 countries to measure the adoption and use of cryptocurrencies by their residents.
Emerging market economies occupiedfirst places due to the huge transaction volumes of P2P platforms adjusted for purchasing power parity per capita, according to the Chainalysis report.
Overall, global cryptocurrency adoption has grown by over 800% over the past year, especially in emerging markets.
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