According to a recent report by ApeX Protocol, Singapore and the United Arab Emirates are ranked as the most “crypto-obsessed” nations globally.
Singapore secured the top position with a composite score of 100, driven by 24.4% of its population owning cryptocurrency and leading the world in search activity, generating 2,000 crypto-related queries per 100,000 people. In 2021, just 11% of Singaporeans possessed digital assets, a figure that more than doubled by the next year.
The UAE closely followed with a score of 99.7, ranking first globally for crypto ownership at 25.3%. The Gulf nation experienced a 210% increase in adoption since 2019, with a significant surge in 2022, when over 34% of the population reported holding crypto.
ApeX stated that the study evaluated each country’s engagement based on four indicators: ownership rate, adoption growth, search activity, and ATM availability, as shared in a report with Cointelegraph.
Related: Nation-state Bitcoin adoption to enter ‘suddenly’ phase soon
The US leads in ATM availability
The United States claimed third place with a score of 98.5, supported by robust infrastructure. The US leads in ATM availability, boasting over 30,000 machines, which is ten times more than any other nation, alongside a 220% increase in crypto usage since 2019.
In fourth place, Canada enjoys the highest adoption growth rate in the report 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, completed the top five, as 19.3% of its population holds crypto, ranking third in ownership globally. Monthly search volumes remain strong at nearly 1,000 queries per 100,000 people.
Other countries in the top 10 include Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1), each showcasing a mix of rising adoption, strong infrastructure, and increasing public interest.
“Crypto is no longer on the fringe,” stated a spokesperson from ApeX Protocol. “It’s becoming integral to how countries shape their financial futures… not just as an investment but as a reflection of public engagement 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 Cointelegraph reported, the US has moved up to second place in Chainalysis’ 2025 Global Crypto Adoption Index, fueled by growing spot Bitcoin ETF inflows and clearer regulatory frameworks.
India maintained the top position for the third consecutive year, leading the Asia-Pacific region in year-on-year growth with a 69% increase in crypto transaction value. Pakistan, Vietnam, and Brazil also ranked in the top five, while Nigeria fell to sixth despite progress in regulation.
Magazine: The one thing these 6 global crypto hubs all have in common…
