### The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption.

The Global Crypto Adoption Index is made up of four sub-indexes, each of which is based on countries’ usage of different types of cryptocurrency services. We rank all 151 countries for which we have sufficient data on each sub-index, weight the rankings by characteristics including population size and purchasing power, take the geometric mean of each country’s ranking in all four, and then normalize that final number on a scale of 0 to 1 to give every country a score that determines its overall ranking. The closer the country’s final score is to 1, the higher the rank.

In order to calculate our sub-indexes, we estimate countries’ transaction volumes for different types of cryptocurrency services and protocols based on the web traffic patterns of those services’ and protocols’ websites. We acknowledge that web traffic data are imperfect, as some crypto users likely employ VPNs and other similar tools to hide their true physical locations. However, given that our index accounts for hundreds of millions of cryptocurrency transactions and more than 13 billion web visits, it is likely that any misattributed transaction volume due to VPNs is marginal, given the size of the dataset. We also compare findings with insights from local crypto experts and operators around the world, giving us more confidence in this methodology.

## The 2024 Global Crypto Adoption Index Top 20

Central & Southern Asia and Oceania (CSAO) dominates our 2024 Index, with seven of the top 20 countries located in the region. As we explore in the full report, CSAO has a unique set of crypto markets with high levels of activity on local crypto exchanges, with merchant services, and in DeFi.