Singapore and the UAE have become global leaders in crypto adoption, search activity and ownership of digital assets, overtaking the US and Canada.
Singapore and UAE have become the world’s most crypto-dependent countries
According to a study by ApeX Protocol, Singapore has taken first place in the global “crypto-obsession” ranking, receiving the maximum score of 100 points. 24.4% of the population owns digital assets, and the number of search queries in the country reaches 2,000 per 100,000 people. Back in 2021, only 11% of Singaporeans owned crypto, but this figure has more than doubled in a year.
The UAE, with a score of 99.7, came in second, but led the world in the share of cryptocurrency owners — 25.3%. Since 2019, the country’s adoption rate has increased by 210%, peaking in 2022, when more than a third of the population held digital assets.
The United States, Canada, and Turkey in the top 5
The United States came in third (98.5 points), largely due to its strong infrastructure: over 30,000 crypto ATMs and a 220% increase in cryptocurrency usage since 2019.
Canada was the fourth country with the highest adoption rate in the world at 225%. Despite only 10.1% of Canadians owning cryptocurrencies, the country has over 3,500 ATMs.
Turkey rounds out the top five, with 19.3% of the population holding cryptocurrency and nearly 1,000 searches per 100,000 people.
Other Countries in the Ranking
Germany, Switzerland, Australia, Argentina and Indonesia also made the top 10. All of them are showing growing interest, infrastructure and ownership of digital assets.
Global Picture
ApeX experts emphasized that cryptocurrencies are no longer a niche phenomenon and are becoming part of the financial identity of countries.
According to Chainalysis, the US has already risen to second place in the global crypto adoption index thanks to the Bitcoin ETF and a clearer regulatory framework. India, meanwhile, maintains its leadership for the third year in a row, showing a 69% annual growth in cryptocurrency transaction volumes.
Related: Crypto Regulation in 2025–2026: What to Expect
