Morocco Ranks 24th in Global Crypto Adoption, Leads North Africa

Morocco's Rise in the Global Crypto Adoption Index

Morocco has established itself as North Africa’s most dynamic cryptocurrency market, securing the 24th position globally in the 2025 Global Crypto Adoption Index published by Chainalysis. The kingdom achieved a score of 0.142 points, surpassing Egypt, which ranked 26th, and Algeria, which held the third regional position. Meanwhile, Tunisia and Libya lagged behind at 52nd and 128th respectively.

The annual index provides insights into where cryptocurrencies are gaining momentum and explores the reasons behind their popularity among populations. India took the top spot globally, followed closely by the United States and Pakistan. On the African continent, Nigeria led the way, ranking sixth worldwide, with Ethiopia following at 12th.

Chainalysis highlighted that crypto adoption is growing most rapidly in the Global South. In Africa, the usage of cryptocurrencies increased by 52% last year, driven largely by retail demand and the need for cross-border transactions. This trend reflects a broader shift in how people are using digital assets to navigate economic challenges and access financial services.

In the Asia-Pacific region, transaction volumes surged from $1.4 trillion to $2.36 trillion, fueled by strong activity in countries such as India, Vietnam, and Pakistan. Latin America also saw a significant rise in crypto use, with a 63% increase recorded. Despite this growth, North America and Europe continue to dominate by value, with over $2.6 trillion in investments each in 2024.

The report attributed this surge to increasing institutional interest, citing the launch of spot Bitcoin exchange-traded funds and more transparent regulatory frameworks. These developments have created a more stable environment for investors and businesses alike.

The United States remains the world’s largest crypto market, with a total volume of $4.2 trillion. South Korea follows closely with just over $1 trillion, while the European Union holds slightly under $500 billion in crypto investments.

Bitcoin continues to be the most purchased asset, particularly in the UK and EU. However, South Korea demonstrates a more diversified approach, reflecting the preferences of its investors and the availability of alternative digital tokens.

Eastern European countries such as Ukraine, Moldova, and Georgia also show high levels of crypto adoption. According to Chainalysis, factors like economic uncertainty, inflation, ongoing conflicts, and a lack of trust in traditional financial institutions have accelerated the use of cryptocurrencies as a store of value and a tool for cross-border transactions.

As the global crypto landscape continues to evolve, regions like North Africa, the Asia-Pacific, and Eastern Europe are emerging as key players. Their rapid adoption rates highlight the growing importance of cryptocurrencies in shaping the future of finance. With continued innovation and regulatory clarity, these markets are well-positioned to play a central role in the global digital economy.