The crypto landscape is rapidly changing, with institutional investment and retail adoption on the rise globally. Chainalysis’ report indicates that crypto has become increasingly mainstream, driven by varied economic forces. However, the US market faces challenges with stablecoin regulation, as stablecoin usage shifts away from US-regulated platforms.
The 2024 Global Crypto Adoption Index reveals that Central & Southern Asia and Oceania (CSAO) lead the world in crypto adoption, with North America following as the largest crypto market in terms of transaction volume.
Institutional players fuel the US crypto market, with Bitcoin exchange-traded products (ETPs) driving up the price of Bitcoin to new highs. Stablecoins play a critical role in lower-income regions, providing a hedge against inflation and currency volatility.
