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A recent report by ApeX Protocol has identified Singapore and the United Arab Emirates as the two nations most engrossed in cryptocurrency. The study analyzed various metrics to determine global engagement with digital assets, highlighting a significant shift in financial behaviors and technological adoption.
Key Takeaways
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Singapore and the UAE have been named the most crypto-obsessed countries globally.
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Both nations show high rates of crypto ownership and significant growth in adoption.
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The United States leads in cryptocurrency ATM availability, while Canada boasts the highest adoption growth rate.
Singapore's Top Ranking
Singapore secured the top position with a perfect score, largely due to 24.4% of its population owning cryptocurrency. The nation also leads the world in crypto-related search activity, with 2,000 queries per 100,000 people. This represents a substantial increase from 2021, when only 11% of Singaporeans held digital assets, more than doubling by the following year.
UAE's Strong Performance
The UAE closely followed Singapore, achieving a score of 99.7. It ranked first globally for crypto ownership, with 25.3% of its population holding digital assets. The Gulf nation has experienced a remarkable 210% surge in crypto adoption since 2019, with a notable boom in 2022 where over 34% of the population reported owning crypto.
Methodology and Global Landscape
The ApeX report measured engagement across four key indicators: ownership rate, adoption growth, search activity, and ATM availability. The United States secured third place with a score of 98.5, primarily due to its extensive infrastructure, boasting over 30,000 crypto ATMs – ten times more than any other country. The US also saw a 220% rise in crypto usage since 2019.
Canada ranked fourth, propelled by the highest adoption growth rate in the report at 225%. With 10.1% of its population owning crypto and 3,500 ATMs nationwide, Canada's composite score reached 64.7.
Turkey rounded out the top five with a score of 57.6, reporting that 19.3% of its population holds crypto and ranking third globally in ownership. Monthly search volumes for crypto-related terms remain strong in Turkey, nearing 1,000 queries per 100,000 people.
Other countries making the top 10 include Germany, Switzerland, Australia, Argentina, and Indonesia, each demonstrating a combination of increasing adoption, robust infrastructure, and growing public interest.
The Evolving Financial Future
A spokesperson for ApeX Protocol commented, "Crypto is no longer on the fringe. 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."
In related news, the United States has climbed to second place in Chainalysis' 2025 Global Crypto Adoption Index, attributed to growing spot Bitcoin ETF inflows and clearer regulatory frameworks. India maintained its top position for the third consecutive year, contributing to the Asia-Pacific region's leadership in year-on-year growth with a 69% surge in crypto transaction value.
Key Takeaways
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Singapore, UAE Rank as Most Crypto-Obsessed Nations: ApeX Report, Cointelegraph.
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