Continent Country Purchase (Fiat to Crypto) Sell (Crypto to Fiat)

North America (NA) Canada Live Live

North America (NA) Mexico Live Live
Latin America and the Caribbean (LATAMArgentina Not Live Not Live
Latin America and the Caribbean (LATAMBrazil Live Live
Europe France Live Live
Europe Germany Live Live
Europe Italy Live Live
Europe United Kingdom Live Live
Africa and the Middle East Saudi Arabia Not Live Not Live
Africa and the Middle East South Africa Live Live
Africa and the Middle East Turkey Live Not Live
Asia Pacific, Central Asia, and Japan (AP Australia Live Live
Asia Pacific, Central Asia, and Japan (AP China Not Live Not Live
Asia Pacific, Central Asia, and Japan (AP India Not Live Live
Asia Pacific, Central Asia, and Japan (AP Japan Not Live Not Live
Asia Pacific, Central Asia, and Japan (AP Indonesia Live Live
Asia Pacific, Central Asia, and Japan (AP Korea (South) Not Live Not Live
Population G20? GDP GDP per Capita PPP (Int$) GNI per Capita (Int$
Canada: Approx. 38 million Yes 2.36 Tn $60,914 1 $51,690
Mexico: Approx. 126 million Yes 1.38 Tn $10,741 10 $19,740
Argentina: Approx. 45 million Yes 573.63 Bn $12,532 43 $23,170
Brazil: Approx. 213 million Yes 1.98 Tn $9,151 3 $15,600
France: Approx. 67 million Yes 3.09 Tn $47,659 1 $51,660
Germany: Approx. 83 million Yes 4.56 Tn $54,803 1 $59,630
Italy: Approx. 60 million Yes 2.17 Tn $36,850 1 $46,450
United Kingdom: Approx. 68 million Yes 3.69 Tn $54,430 1 $49,420
Saudi Arabia: Approx. 35 million Yes 1.02 Tn $27,659 2 $46,130
South Africa: Approx. 60 million Yes 447.72 Bn $7,411 7 $14,340
Turkey: Approx. 84 million Yes 714.30 Bn $8,324 3 $30,290
Australia: Approx. 25.7 million Yes 1.83 Tn $69,155 1 $55,660
China: Over 1.4 billion Yes 21.87 Tn $15,337 4 $19,160
India: Over 1.39 billion Yes 3.89 Tn $2,725 23 $7,130
Japan: Approx. 125 million Yes 5.29 Tn $42,916 100 $44,570
Indonesia: Approx. 276 million Yes 1.41 Tn $5,083 4,759 $12,680
Korea (South): Approx. 51 million Yes 1.92 Tn $37,069 847 $47,770

https://worldpopulationreview.com/countries/by-gdp
https://worldpopulationreview.com/countries/by-gdp
https://worldpopulationreview.com/country-rankings/purchasing
https://worldpopulationreview.com/country
 Crypto has been seen as a means for hedging against high
Population % owninCrypto received (in Crypto sent (in USDCrypto
inflation,Regulations?
which in Argentina has been running at eye-watering high
4.15% 748.49M 742.24M rates of up to 50% As with Mexico and Brazil, the government has
taken a relatively ‘hands-off’ approach to cryptocurrency with no
3.40% 857.01M 994.09M specific
The banregulation
on buyingapart goodsfrom andwarnings
services and with exhortations
crypto in Turkey to exercise
has left
5.56% 68.72M 87.02M caution but still
investment this legal,
is changing.
but subject to the stipulations of the Anti
7% 1.59B 1.34B Money Launderinghave
Cryptocurrencies requirements
a quasi-legal of the Financial
status withinAction
Saudi Task Arabia.Force
In
of which
2018, the Turkey
government is a member.
placed Any
an one
outright individual
ban on or
banksorganization
processing not
5.90% 6.2M 4.69M complying is subject to severe penalties and The fines. AML legislation
any transactions involving cryptocurrencies. government has
4.20% 1.09B 1.23B tends to bemaintained
repeatedly quite consistent in most
that those who countries
trade in –cryptocurrencies
and an obvious are
2.43% 460.47M 253.08M priority
doing sowhere
illegallycryptocurrency
and have no is booming.
financial The
protection legislation
and riskcovers
the loss all
crypto service providers such as exchanges
of their assets. However, there are currently no legal penalties in and wallets along with
5.52% 23.05B 21.21B financial
place for institutions.
people whoAs a country
choose withinplenty
to trade digitalofassets,
exchanges whetherto
18% 566B - The
choosecryptoeconomy
crypto, from,
NFT, on
or an currency has
individual
otherwise. level been
it is subjectatogood
always crackdowns
thing by
toand
Cryptocurrency
the Chinese trading and
government overservices
several are rigorously
years but the regulated
latest one looks
check
the use the record
ofmost
anonymous of theaccounts
exchangebanned. you wish Theto deal with,Services
some have
10.00% 561.81M 78.62M to be
better the
protection concerted
against effortand
fraud yet. loss,
SomewhilstpointFinancial
to the
fees andfact that of
levels
Commission
China does (FSC)
not also supervises
appreciate the new and very
untrammelled growth tight
of reporting
a non-
5.50% 5.42B 5.12B customer service
India has under-regulated
requirements can
for banks vary. Read
anditscrypto our
cryptoexchangereviews of
sector butaccounts.exchanges
the sheer volume here.of
centralised
trading financial currency system, or that crypto currency
3% 1.6B 968.59M Legal – has
Cryptocurrency
interferes
led to
existing
with Plenty
the formation
itstrading
crypto in Southof
legislation
ownofexploration
crypto
Korea forumsthat
requires
of ahome-based
state-backed
to discuss ongoing
any individual
digital yuan and
development.
must
Bitcoinhave
and a ‘real-name’ overseas
account
other cryptocurrencies and
(in the same bank exchanges
are recognized and acceptedas used by aby
5.54% 2.08B 1.55B central
operate, bank
eachdigital
withinitscurrency.
own to services, features, andfunds
layers of their as
crypto exchange)
the Japanese government order asdeposit
legitimate,or withdraw
but they are from
recognized e-
6.55% 523.11M 491.49M protection.
wallet. StandardThe
‘legal property’. Antiname
Money Laundering rules
cryptocurrency may,and structured
therefore, be slightly
4% 18.64B 26.75B transaction
confusing. reporting requirements apply to both banks and
exchanges in order to verify an investor’s identity. Crypto service
4.55% 1.17B 253.08M providers must comply with Know Your Customer standards and be
4% 61.56B 45.42B registered with financial regulators.

https://triple-a.io/crypto-ownership-data/
https://coincub.com/countries/
https://coincub.com/countries/
https://coincub.com/countries/
Competitors in Region?

Bybit, eToro, Binance, OKX, and Gate.io

Nexo.
HollaEx.
Binance; Kraken; Coinmama
Zengo Wallet.
BingX.
Bybit emerges as a top choice, closely followed by prominent
ACE (Adenasoft
exchanges Crypto
like OKX, Exchange
Binance, Solution)
BtcTurk | Kripto, and KuCoin.
Bybit
CoinSmart.
OKX
1inch. .
bitFlyer
OKX.
Bitbank
Coinswitch;
Binance Zebpay; Paxful; Binance' WazirX; CoinDCX

GOPAX (Binance owned); Upbit; Bithumb; CoinOne, and more

Continent Country Purchase (Fiat to Crypto) Sell (Crypto to Fiat)
Latin America and the Caribbean ( Argentina Not Live Not Live
Africa and the Middle East Saudi Arabia Not Live Not Live
Asia Pacific, Central Asia, and Jap China Not Live Not Live
Asia Pacific, Central Asia, and Jap Japan Not Live Not Live
Asia Pacific, Central Asia, and Jap Korea (South) Not Live Not Live
Population G20? GDP GDP per Capit PPP (Int$) GNI per Capita Population % oCrypto receive
Argentina: Approx. 45 million Yes 573.63 Bn $12,532 43 $23,170 5.56% 68.72M
Saudi Arabia: Approx. 35 million Yes 1.02 Tn $27,659 2 $46,130 18% 566B
China: Over 1.4 billion Yes 21.87 Tn $15,337 4 $19,160 5.54% 2.08B
Japan: Approx. 125 million Yes 5.29 Tn $42,916 100 $44,570 4% 18.64B
Korea (South): Approx. 51 million Yes 1.92 Tn $37,069 847 $47,770 4% 61.56B
 Cryptocurrencies
Cryptocurrency trading have aand quasi-legal
services status within Saudi
are rigorously regulated
Arabia.
and the In
use2018,
of the
anonymousgovernment accountsplaced an
banned. outright
The ban on
Financial
Crypto
banks has been seen
processing any as a means for
transactions hedging
involving against high
cryptocurrencies.
Services
inflation, Commission
which inhas (FSC)has
Argentina alsobeen
supervises
running new and very
at those
eye-watering Nexo.
The
tight
The government
reporting
cryptoeconomy repeatedly
requirements
currency for
has maintained
banksbeen and that
crypto
subject to who
exchange
crackdowns HollaEx.
high
trade rates of up to 50% As with Mexico and Brazil, the no
by theinChinese
accounts.
government
cryptocurrencies
Cryptocurrency
has government
taken a
are doing
trading
over
relatively
so
several illegally
in‘hands-off’
South Korea
years and
but
approach
have
requires that Zengo Wallet.
the latest
to
Crypto sent (i financial
Crypto
any
one looks protection
Regulations?
individual
cryptocurrency the and
to bemust
with have
most risk
nolegal
the losseffort
a ‘real-name’
concerted
specific
of their
regulation accountassets.
yet.
apart (in
Some
from
However,
the same
point to Competitors
warnings BingX. in Region?
there
bank
the are
as
fact currently
used
that by
China a no
crypto
does not penalties
exchange)
appreciate in
in place
order
the for
to people
deposit
untrammelled who Bybit
or ACE (Adenasoft CryptoOKX,
Exchange Solution)
87.02M and
Legal
chooseexhortations
– to
existing
trade todigital
crypto
in exercise caution
legislation
assets, but this
whether is changing.
crypto, NFT, or that Bybit,
OKX eToro, Binance, and Gate.io
withdraw
growth of funds
a from their
non-centralised e-wallet.
financial Standard
currency Anti Money
system, or CoinSmart.
- Bitcoin
otherwise.
Laundering and other cryptocurrencies
rulesinterferes
and structured are recognized and bitFlyer
Binance; Kraken; Coinmama
crypto
accepted currency
by the Japanese with itstransaction
governmentown exploration
as
reporting
legitimate,of abut
state-
they 1inch.
Bitbank.
1.55B requirements
backed apply
digital yuan to both
and central banks and exchanges
bank digital currency.in order to OKX.
are recognized
verify an investor’sas ‘legal property’.
identity. Crypto The name
service cryptocurrency
providers must Binance
26.75B may, therefore, be slightly confusing.
comply with Know Your Customer standards and be GOPAX (Binance owned); Upbit; Bithumb;
45.42B registered with financial regulators. CoinOne, and more
Country Region Overall index ranking Centralized service vRetail centralized se

India Central & Southern As 1 1 1

Nigeria Sub-Saharan Africa 2 3 2

Vietnam Central & Southern As 3 4 4

United States North America 4 2 8

Ukraine Eastern Europe 5 5 3

Philippines Central & Southern As 6 6 6

Indonesia Central & Southern As 7 13 13

Pakistan Central & Southern As 8 7 7

Brazil Latin America 9 9 11

Thailand Central & Southern As 10 8 15

China Eastern Asia 11 10 5

Turkey Middle East & North A 12 11 9

Russia Eastern Europe 13 12 10

United Kingdom Central, Northern, & 14 15 20

Argentina Latin America 15 14 12

Mexico Latin America 16 17 18

Bangladesh Central & Southern As 17 18 19

Japan Eastern Asia 18 22 21

Canada North America 19 25 23

Morocco Middle East & North A 20 27 25

South Korea Eastern Asia 27 16 16

Saudi Arabia Middle East & North 57 61 53

P2P exchange trade DeFi value received Retail deFi value received ranking
On-chain cryptocurrency value received
5 1 1
purchasing power parity (PPP) per capit
1 4 4
The goal of this sub-index is to rank each countr
2 3 3
The 2023 Global Crypto Adoption Index 3
12 2 2
equal amounts of cryptocurrency at centralized s
11 10 10
On-chain retail value received at centrali
19 7 7
The goal of this metric is to measure the activity
14 5 5
Peer-to-peer (P2P) exchange trade volum
9 20 20
of internet users
15 11 11
P2P trade volume makes up a significant percen
44 6 6
On-chain cryptocurrency value received
13 23 23
capita
35 12 12
DeFi (decentralized finance) is the cutting edge
36 9 9
On-chain retail value received from DeFi
38 8 8
We want our index to highlight the DeFi activity
29 19 19

30 16 16

33 22 22

49 18 18
62 14 14

21 26 26

75 29 29

73 49 49
ptocurrency value received at centralized exchanges, weighted by

ower parity (PPP) per capita

sub-index is to rank each country by total cryptocurrency activity occurring on centralized crypto exchanges, and weight the rankings to favor countries where that amount is more significant based on

rypto Adoption Index 3

f cryptocurrency at centralized services, the country with lower PPP per capita would rank ahead.

il value received at centralized exchanges, weighted by PPP per capita

metric is to measure the activity of non-professional, individual cryptocurrency users at centralized services, based on how much cryptocurrency they’re transacting compared to the wealth of the aver

P2P) exchange trade volume, weighted by PPP per capita and number

me makes up a significant percentage of all cryptocurrency activity in emerging markets. For this sub-index, we rank countries by their P2P trade volume and weight it to favor countries with lower PP

ptocurrency value received from DeFi protocols, weighted by PPP per

zed finance) is the cutting edge of cryptocurrency. Given the sector’s importance to innovation in crypto, we want our adoption index to highlight countries where users are conducting a disproportion

il value received from DeFi protocols, weighted by PPP per capita

dex to highlight the DeFi activity of non-professional, individual cryptocurrency users, just as we do for centralized services. So, this sub-index ranks each country by DeFi transaction volume carried
t amount is more significant based on the wealth of the average person in that country. We calculate this by estimating the total cryptocurrency received on-chain by users of centralized services in eac

g compared to the wealth of the average person. We do this by measuring the amount of cryptocurrency received at centralized services by users in each country, similar to the above, but only countin

ht it to favor countries with lower PPP per capita and fewer internet users, the goal being to highlight countries where more residents are putting a larger share of their overall wealth into P2P cryptocu

users are conducting a disproportionately high share of their financial activity using DeFi protocols. For this sub-index, we rank countries by their DeFi transaction volume, and weight the rankings to

by DeFi transaction volume carried out in retail-sized transfers, weighted to favor countries with lower PPP per capita.
ain by users of centralized services in each country, and weighting that value based on PPP per capita, which is a measure of the country’s wealth per resident. The higher the ratio of on-chain value re

try, similar to the above, but only counting value received in retail-sized transactions, which we designate as transactions under $10,000 USD worth of cryptocurrency. We then rank each country acc

of their overall wealth into P2P cryptocurrency transactions.

action volume, and weight the rankings to favor countries with lower PPP per capita.
. The higher the ratio of on-chain value received to PPP per capita, the higher the ranking. In other words, if two countries received

currency. We then rank each country according to this metric but weight it to favor countries with a lower PPP per capita.