For the latest Triple-A Global Digital Currencies Ownership data, Triple-A utilised the following metrics: (i) Country Weighted Scoring, (ii) Outlier Research and (iii) Primary Data Collection to obtain the most encompassing and accurate set of statistics in conjunction with the various data sources that we evaluate.

1) Country Weighted Scoring

Our refined scoring mechanism is anchored in the data provided by the Chainalysis 2023 Geography of Cryptocurrency Report. It incorporates a multi-faceted scoring system based on the following criteria:

• On-chain retail value received at centralised exchanges
• Total on-chain cryptocurrency value received at centralised exchanges
• Trade volume on Peer-to-Peer (P2P) exchange platforms
• On-chain cryptocurrency value transacted through Decentralised Finance (DeFi) protocols,
• On-chain retail value transitions within DeFi protocols

With the use of Chainalysis, we ascertain the correlation between a country’s specific index score and the extant ownership percentages reported by secondary research papers. This correlation will be used in our estimations, which enables an extrapolation of cryptocurrency ownership across the global populace.

2) Outlier Research
For the specified countries, Triple-A has conducted in-depth research and data sampling due to the inherent nature (i.e large population size) of these countries, which resulted in less accurate findings based on the above approach. Data collected from third-party providers and local Triple-A data is then evaluated to obtain a more precise figure for the specified countries.

3) Primary Data Collection
The dataset from Triple-A was supplemented with additional research using commonly applied methodologies. Furthermore, publicly available data from a variety of sources was used to complement survey data. Utilising data that are crunched with numerous criteria, various databases and different factors, the processed data and findings are then weighed and analysed against each other based on the following benchmarks (i) Time of Publishing (ii) Scope and Scale of Survey (iii) Internet Penetration Rate (iv) to obtain a finalised ownership number specific to each country.