Singapore and UAE Lead the World in Crypto Adoption, Report Finds
Singapore Tops Global Crypto Engagement Rankings
Singapore has emerged as the world’s most crypto-engaged nation, according to a report by ApeX Protocol. With a composite score of 100, the city-state’s dominance is driven by both ownership and search activity.
24.4% of Singapore’s population owns crypto, a remarkable jump from just 11% in 2021.
It also leads the world in curiosity, with 2,000 crypto-related searches per 100,000 people.
This surge reflects a rapid shift in attitudes toward digital assets, moving from niche investment to a mainstream financial strategy.
UAE Follows Closely with Record Ownership
The United Arab Emirates (UAE) scored 99.7, ranking second overall. The Gulf nation is the world leader in ownership, with 25.3% of its population holding crypto.
Adoption has surged 210% since 2019, with a sharp rise in 2022 when over 34% of residents reported holding digital assets.
Summary of ApeX’s report. Source: ApeX
United States Leads in Infrastructure
The United States ranked third with a score of 98.5, backed by unmatched infrastructure. The U.S. boasts over 30,000 crypto ATMs—ten times more than any other country—and has experienced a 220% rise in crypto usage since 2019.
Canada Records Highest Adoption Growth
Canada claimed the fourth spot, recording the highest adoption growth rate at 225%. With 10.1% ownership and 3,500 ATMs nationwide, Canada’s composite score stood at 64.7.
Turkey Rounds Out the Top Five
Turkey came in fifth with a score of 57.6. The country’s 19.3% crypto ownership rate ranks it third globally, while search interest remains high at nearly 1,000 queries per 100,000 people.
Other Leading Countries
The rest of the top 10 include:
Germany (48.4)
Switzerland (46.2)
Australia (45.1)
Argentina (37.6)
Indonesia (37.1)
Each shows a blend of rising adoption, growing infrastructure, and increasing public curiosity.
“Crypto is no longer on the fringe,” a spokesperson for ApeX Protocol noted. “It’s becoming part of how countries define their financial future—not just as an investment, but as a reflection of how people engage with technology, money, and trust in the digital age.”
Related: Global Adoption Trends
According to Chainalysis’ 2025 Global Crypto Adoption Index, the U.S. has climbed to second place globally—aided by Bitcoin ETF inflows and clearer regulation.
Meanwhile, India retained the top position for the third consecutive year, helping Asia-Pacific lead with a 69% surge in transaction value. Other top nations include Pakistan, Vietnam, and Brazil, while Nigeria slipped to sixth despite making regulatory strides.
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