In the crypto currency usage share study published by Merchant Machine, America, England and Ukraine were the prominent countries.
In the crypto money sector, which is becoming more and more familiar and the number of users is increasing day by day, America, England and Ukraine are leading the general use of crypto money.
USA, UK and Ukraine Leading the Use of Cryptocurrency
In the study by Merchant Machine, it was aimed to find the countries that invest the most in crypto, by taking into account different metrics from 50 countries. The scores take into account the number of crypto holders in a country, the global decentralized finance adoption index, the number of businesses that allow crypto payments, the number of Bitcoin (BTC) ATMs, and the monthly search volume.
The research shows that among many countries in the world, the United States ranks highest in overall use of cryptocurrencies, scoring 7.75 out of 10. Ukraine is in second place with 5.96 points, followed by England with 5.79 points.
Merchant Machine dataThe Strength of the US and UK Economy Makes a Difference in Using Crypto
Merchant Machine’s research shows that the US and the UK are in the top two positions, driven by factors such as the size of their economies and having a developed crypto economy. However, the study showed that Ukraine, the poorest country in Europe in terms of gross national product and per capita income, ranks high due to the overall crypto adoption trends of emerging economies.
Additionally, among the top ten countries with general crypto usage, Ukraine ranks first with 12.73 percent based on the percentage of population owning digital assets.
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