Chainalysis: India has become the second largest crypto market in the world, with an annual transaction volume of nearly $269 billion

Odaily Planet Daily News A report released by Chainalysis shows that India has become the second largest cryptocurrency market in the world based on estimated raw transaction volume, beating the United Kingdom, Turkey and Russia. The report reads: “India leads the world in grassroots adoption, as measured by our Global Cryptocurrency Adoption Index. From July 2022 to June 2023, India’s transaction volume totaled nearly $269 billion.” The report stated that the United States is by far the largest cryptocurrency market in the world, and Central Asia, South Asia and Oceania account for 20% of the global cryptocurrency market. (The Block)