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The 2025 Geography Of Crypto Report (Book)
In 2025, APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan,
and Vietnam, whose populations drove widespread adoption across both centralized and decentralized
services. At the same time, North America climbed to the second-highest regional position in the presence
of regulatory momentum, including the approval of spot bitcoin ETFs and clearer institutional frameworks,
that helped legitimize and accelerate crypto participation across traditional financial channels.
