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The global adoption rate of crypto assets increased by 880%

Şükriye Akdeniz

Aug 23, 2021

The adoption rate of cryptocurrencies increased by 880% compared to last year

The adventure of crypto money, which started in 2009, continues with each passing day. Crypto assets, whose adoption rate has been increasing since its inception, have managed to take their place among the most talked about topics of today. Recently, with the increasing number of country recognitions, central bank approvals, and institutional acceptances, crypto transactions have become possible in all areas of life. Digital currencies, which have managed to enter through the doors of many sectors as a means of payment, can literally be the online payment tool of the future.
The quest for global adoption seeks to normalize the use of cryptocurrencies. The report published by Chainalysis clearly states that the industry is closer to this goal than ever before.
Global adoption of digital currencies has increased by over 880% compared to last year. The information provided by the 2021 Global Crypto Adoption Index report reveals that global adoption is occurring. The research also states that the main reasons for the increase in crypto-assets adoption are peer-to-peer (P2P) trading activities and Bitcoin's independence from government control.
The Global Crypto Index has ranked 154 countries by various criteria and ranks fourth on China's crypto adoption list in 2020, currently at 13th place. The USA, on the other hand, ranked 6th in 2020 and currently ranks 8th.

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