Morocco has emerged as North Africa’s most active crypto market, ranking 24th worldwide in the 2025 Global Crypto Adoption Index published by Chainalysis.
The kingdom scored 0.142 points, ahead of Egypt (26th) and Algeria (third regionally), while Tunisia and Libya trailed at 52nd and 128th respectively.
The annual index tracks where cryptocurrencies are gaining traction and examines why populations embrace them. India topped the list globally, followed by the United States and Pakistan.
In Africa, Nigeria led the continent at sixth place worldwide, with Ethiopia ranking 12th.
Chainalysis noted that adoption is rising fastest in the Global South. In Africa, crypto usage grew 52 percent last year, fueled by retail demand and cross-border transactions.
Asia-Pacific saw transaction volumes soar from $1.4 trillion to $2.36 trillion, buoyed by strong activity in India, Vietnam and Pakistan. Latin America recorded a 63 percent rise in crypto use, while North America and Europe still dominate by value, with more than $2.6 trillion each in investments in 2024.
The report tied this to surging institutional interest, citing the launch of spot Bitcoin exchange-traded funds and clearer regulatory frameworks.
The United States was identified as the world’s largest crypto market, with $4.2 trillion in total volume, trailed by South Korea at just over $1 trillion and the European Union with slightly under $500 billion.
Bitcoin remained the most purchased asset, especially in the UK and EU, though South Korea showed more diversified holdings, reflecting investor preferences and access to alternative digital tokens.
Eastern European countries such as Ukraine, Moldova and Georgia also ranked high in adoption. According to Chainalysis, economic uncertainty, inflation, war and distrust of traditional financial institutions have accelerated crypto use as a store of value and tool for cross-border transactions.
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