In 2023, a country ranking that estimates crypto adoption based on transaction volume placed Malaysia in the top 30 in the world. Nevertheless, Malaysia fell slightly behind when it comes to retail centralized service value. Meanwhile, Malaysia was in the 40th place based on its P2P exchange trade volume. Peer-to-peer (P2P) crypto exchanges are a type of crypto exchange that let users trade cryptocurrencies with one another without the influence of a mediator, such as banks or other regulatory bodies.
Cryptocurrency adoption index ranking in Malaysia 2023, by metric
Characteristic
Rank of individual weighted metrics feeding into index
Ranking (1 = highest, 146 = lowest); Weighted by purchasing power parity (PPP) per capita
Supplementary notes
The source explains that its index is calculated using five different sub-indices, which are estimated using an individual country's cryptocurrency transaction volume in different situations. These estimates are based off web traffic patterns from individual websites that are used for such transactions and/or protocols.
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Chainalysis. (October 2, 2023). Cryptocurrency adoption index ranking in Malaysia 2023, by metric [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/
Chainalysis. "Cryptocurrency adoption index ranking in Malaysia 2023, by metric." Chart. October 2, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/
Chainalysis. (2023). Cryptocurrency adoption index ranking in Malaysia 2023, by metric. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/
Chainalysis. "Cryptocurrency Adoption Index Ranking in Malaysia 2023, by Metric." Statista, Statista Inc., 2 Oct 2023, https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/
Chainalysis, Cryptocurrency adoption index ranking in Malaysia 2023, by metric Statista, https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/ (last visited December 21, 2024)
Cryptocurrency adoption index ranking in Malaysia 2023, by metric [Graph], Chainalysis, October 2, 2023. [Online]. Available: https://www.statista.com/statistics/1469167/malaysia-crypto-adoption-index-ranking-by-metric/
