The goal of the global adoption index is to provide an objective measure of which countries have the highest levels of cryptocurrency adoption. One way to do that would be to simply rank countries by transaction volume. However, that would favor only the countries with high levels of professional and institutional cryptocurrency adoption, as those
market segments move the largest sums of cryptocurrency. The report highlights the countries with the greatest cryptocurrency adoption by ordinary people, and focus on use cases related to transactions and individual saving, rather than trading and speculation.
In the document below the top 40 is listed :
Morocco ranks 24th in the cryptocurrency adoption index.ChainAnalysis report
The full report is available at ChainAnalysis website or https://www.mchain.uk/wp-content/uploads/2021/11/reportMC.pdf
Adoption in emerging markets grows, powered by P2P platforms
Several countries in emerging markets, including Kenya, Nigeria, Vietnam, and Venezuela rank high on our index in large part because they have huge transaction volumes on peer-to-peer (P2P) platforms when adjusted for PPP per capita and internet-using population. Our interviews with experts in these countries revealed that many residents use P2P cryptocurrency exchanges as their primary on-ramp into cryptocurrency, often because they don’t have access to centralized exchanges.
Knowing that it’s no surprise that regions with many emergent markets account for a huge portion of web traffic to P2P services’ websites. (source)