Chainalysis’ 2025 APAC(Asia-Pacific) Crypto Adoption Report shows rapid growth in the region’s cryptocurrency activity. Monthly on-chain transaction values tripled, rising from about $81 billion in July 2022 to $244 billion in December 2024.
India remains the largest market by transaction volume, supported by grassroots adoption, remittances, and fintech integration.
Japan, while smaller in absolute volume, recorded the fastest year-on-year growth at 120% to June 2025, driven by regulatory reforms, broader investor participation, and increased usage of major cryptocurrencies. This growth highlights the diverse adoption models shaping the APAC crypto landscape.
Sponsored
Sponsored
India Retains Dominance Amid Broad Crypto Adoption
India continues to lead the Asia-Pacific region in cryptocurrency adoption by total on-chain transaction volume. As of mid-2025, India accounted for approximately $338 billion in monthly on-chain transactions, significantly higher than any other APAC market.
Grassroots adoption drives much of this growth. Key factors include remittances from the Indian diaspora, retail trading, and fintech integration via platforms like the Unified Payments Interface (UPI). Young adults are increasingly using crypto as both an investment and a source of income. This trend shows growing familiarity and acceptance of digital assets across the population.
The Indian market benefits from a combination of demographic factors and supportive financial infrastructure. Remittance flows, which have traditionally been a key economic component, are now increasingly routed through cryptocurrency channels, offering lower costs and faster settlement times compared with conventional banking systems.
Additionally, fintech platforms have integrated crypto trading with existing paymen
Go to Source to See Full Article
Author: Shigeki Mori
