These 2 countries are the most mature in terms of Crypto - 2 minutes read
Huobi, one of the largest crypto exchanges in the world, has conducted research into the countries that are most "mature" in the crypto market. This was one of many points highlighted in Huobi Research's latest annual report, called "Global Crypto Industry Overview and Trends". There are four indicators on which countries could earn points: percentage of crypto users in the population, centralized exchange (CEX) volume, decentralized finance (DeFi) traffic, and internet search traffic.
Most Mature Crypto Countries
The United States is the country that performed best with an overall maturity score of 91.9. 13.7% of the entire population would use crypto according to data from the survey. In addition, the US accounts for 9.2% of the global centralized exchange volume. When it comes to DeFi, the US scores even better: the country is responsible for 31.8% of the total volume.
Vietnam is number two on the list with a score of 35. Huobi calls Vietnam the country with the highest adoption rate of cryptocurrencies. 20.3% of the population would use crypto and the country accounts for 2.6% of the total CEX volume. Finally, the country is responsible for 1% of the total DeFi volume.
China, Singapore, and South Korea scored the worst according to Huobi's research. China had to take last place with a 5.9. Only 1.3% of the total Chinese population uses crypto and the country accounts for 0.8% of both total CEX and total DeFi volume.
Crypto in the United States
Despite the fact that the United States managed to take the top spot in this survey, American interest in cryptocurrencies seems to have declined sharply in recent months. Yesterday you could read in the Bitcoin news that only 8% of Americans look positively at cryptocurrencies. In March, earlier this year, this percentage was still 19%. However, the price of bitcoin has received significant blows in the meantime, so this is not entirely unexpected.