India tops global crypto adoption for third straight year, TRM Labs report shows

A new report from TRM Labs, released on Wednesday, revealed that global cryptocurrency adoption surged in ￰0￱ led as the fastest-growing region, followed by the U. S., which is the world’s largest crypto market by transaction ￰1￱ Labs revealed in its 2025 Crypto Adoption and Stablecoin Usage Report that South Asian countries, such as India and Pakistan, saw an 80% surge in crypto adoption between January and July 2025, compared to the same period last ￰2￱ region recorded approximately $300 billion in transaction volume for the ￰3￱ leads crypto adoption for the third consecutive year 📢 Now live: TRM’s 𝟐𝟎𝟐𝟓 𝐂𝐫𝐲𝐩𝐭𝐨 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐔𝐬𝐚𝐠𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 🔹 US leads in #crypto activity volume — up 50% YoY 🔹 South Asia is the fastest-growing region for crypto adoption 🔹 Stablecoin volume hit USD 4 trillion in… ￰4￱ — TRM Labs (@trmlabs) October 22, 2025 According to TRM Labs’ Country Crypto Adoption Index 2025, India has ranked as the top country in terms of crypto adoption for the third consecutive ￰5￱ ￰6￱ second, followed by Pakistan, the Philippines, and ￰7￱ blockchain intelligence firm argued that India’s increased adoption of cryptocurrencies is fueled by its large, young population’s rising interest in ￰8￱ said crypto interest is also growing among institutional and high-net-worth investors, which reinforces the country’s acceleration of crypto ￰9￱ ranked as the top country in crypto adoption despite a crypto ban in ￰10￱ the country’s central bank, the Bangladesh Bank, has issued warnings about the use of crypto, adoption continues through underground ￰11￱ Labs also found that the ￰12￱ experienced a 50% increase in crypto transaction volume over the first seven months of the year, surpassing $1 ￰13￱ data platform attributed the surge to recent regulatory developments in the U.

S., including the establishment of the GENIUS Act, the White House’s 180-Day Digital Assets Report, and the CLARITY ￰14￱ firm believes that such legislations create clearer guardrails for crypto adoption, capital flows, and market ￰15￱ Labs cited a report by MarketWatch that revealed regulated products, such as spot Bitcoin exchange-traded funds (ETFs), attracted approximately $15 billion in net inflows during the first half of ￰16￱ firm said other political and structural factors accelerated the growth of crypto transactions this ￰17￱ Labs noted that ￰18￱ Donald Trump’s campaign was the first from a major ￰19￱ to accept donations in digital ￰20￱ to the report, Trump’s election also led to a spike in crypto activity, with a 30% increase in ￰21￱ traffic to VASPs in the six months following the November 2024 elections compared to the preceding ￰22￱ market fuels crypto adoption in 2025 The firm also acknowledged that stablecoins played a significant role in crypto adoption, accounting for approximately 30% of the entire cryptocurrency transaction ￰23￱ transactions have risen this year, up about 83% year-over-year in August to a record $4 trillion.

Tether’s USDT and Circle’s USDC accounted for around 93% of the total stablecoin market capitalization.