According to a recent report from ApeX Protocol, Singapore and the United Arab Emirates (UAE) are recognized globally as the most “crypto-obsessed” countries.
Singapore secured the top position with a perfect composite score of 100, fueled by 24.4% of its populace owning cryptocurrency and leading the world in search activity, with 2,000 related queries for every 100,000 individuals. In 2021, merely 11% of Singaporeans possessed digital assets, but that number more than doubled in the subsequent year.
Following closely, the UAE achieved a score of 99.7, ranking first globally in crypto ownership at 25.3%. The Gulf nation experienced a staggering 210% growth in adoption since 2019, especially in 2022, when over 34% of its citizens reported holding crypto.
The study evaluated each nation’s engagement through four metrics: ownership rate, growth in adoption, search activity, and availability of ATMs, as detailed in the report shared with Cointelegraph by ApeX.
Related: Nation-state Bitcoin adoption to enter ‘suddenly’ phase soon
The US leads in ATM availability
The United States came in third with a score of 98.5, supported by robust infrastructure. The US dominates in ATM accessibility, boasting over 30,000 machines—ten times more than any other nation—and demonstrating a 220% increase in crypto usage since 2019.
Canada ranked fourth, propelled by the report’s highest growth rate in adoption at 225%. With 10.1% of its population owning crypto and 3,500 ATMs nationwide, Canada achieved a composite score of 64.7.
Turkey, with a score of 57.6, rounded out the top five, having 19.3% of its citizens holding crypto, ranking third globally in ownership. Monthly search activity remains strong, with nearly 1,000 queries per 100,000 people.
Other nations among the top 10 include Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1), each indicating a blend of rising adoption, solid infrastructure, and increasing public interest.
“Crypto is no longer on the fringe,” a representative from ApeX Protocol remarked. “It’s becoming integral to how countries envision their financial futures… not just as an investment, but as a mirror of how individuals interact with technology, money, and trust in the digital age.”
Related: Crypto is one ‘growth cycle’ away from mainstream adoption, 5B users
Chainalysis: US climbs to second in global crypto adoption
As reported by Cointelegraph, the US has risen to second place in Chainalysis’ 2025 Global Crypto Adoption Index, driven by increasing spot Bitcoin ETF inflows and more defined regulatory frameworks.
India maintained its leading position for the third consecutive year, positioning the Asia-Pacific region as the top performer in year-on-year growth with a 69% increase in crypto transaction values. Pakistan, Vietnam, and Brazil also made the top five, while Nigeria fell to sixth place despite advancements in regulations.
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