Baku: Azerbaijan has been ranked 90th among 151 countries in the 2025 Global Cryptocurrency Adoption Index published by blockchain analytics firm Chainalysis, APA-Economics reports. The country is positioned between El Salvador (89) and Ireland (91) in the global ranking.

According to Azeri-Press News Agency, Azerbaijan demonstrates a moderate level of activity in cryptocurrency transactions conducted by ordinary individual users on centralized platforms such as Binance and Coinbase, ranking 83rd in this category. In terms of the overall value of cryptocurrency transactions, the country is considered a mid-level player in the centralized crypto market, placing 81st.

In the decentralized finance (DeFi) sector, which includes platforms like Uniswap, Aave, and Curve, Azerbaijan’s performance is weaker, ranking 97th. This is attributed to the country’s current level of technological literacy and the development stage of its legal infrastructure.

Azerbaijan ranks 82nd in crypto transaction volume among large investors and companies, indicating that corporate, fund, and institutional activity on centralized platforms remains relatively low. The market is primarily driven by individual users, while major financial institutions have yet to enter the space on a large scale.

Overall, the findings indicate that Azerbaijan is in the gradual entry phase of the cryptocurrency market. Individual users are showing a certain level of activity, but there remains significant growth potential in the DeFi and institutional segments. Notably, India, the United States, and Pakistan occupy the top three positions in the global cryptocurrency adoption ranking.