Ukraine Leads Global Crypto Adoption per Capita in 2025, Chainalysis Reports

Ukraine has emerged as the world leader in cryptocurrency activity relative to population size, according to Chainalysis' 2025 Global Cryptocurrency Adoption Index. The country ranked first in population-adjusted metrics and eighth overall, reflecting widespread use across retail and institutional sectors.

The Asia-Pacific region recorded the fastest crypto market growth, while Eastern European nations Ukraine, Moldova, and Georgia showed particularly strong adoption. Analysts attribute this to economic instability, technical literacy, and distrust of traditional finance—factors driving crypto use for value preservation and cross-border transactions.

India claimed the top spot in absolute adoption metrics, dominating across all categories including centralized exchanges, DeFi platforms, and institutional crypto activity. The findings come as Ukraine's parliament advances crypto regulation, approving a draft framework in September 2025.