October 01, 2025
By Anjali Kochhar
Singapore and the United Arab Emirates (UAE) have emerged as the world’s most “crypto-obsessed” nations, according to a recent report by ApeX Protocol.
Both countries have demonstrated significant strides in cryptocurrency adoption, driven by high ownership rates, increased search activity, and rapid growth in adoption.
Singapore secured the top position with a perfect composite score of 100. Approximately 24.4% of its population owns cryptocurrency, marking a substantial increase from 11% in 2021. The city-state also leads globally in crypto-related search activity, with 2,000 queries per 100,000 people. This surge in interest underscores Singapore’s growing prominence as a hub for digital asset engagement.
The UAE closely follows with a score of 99.7, ranking first globally in crypto ownership at 25.3%. Since 2019, the country has witnessed a 210% increase in adoption, with over 34% of the population reporting crypto holdings in 2022. This rapid growth reflects the UAE’s commitment to fostering a conducive environment for cryptocurrency and blockchain technologies.
ApeX Protocol’s study assessed countries based on four key indicators: ownership rate, adoption growth, search activity, and ATM availability. These metrics provide a comprehensive overview of each nation’s engagement with cryptocurrencies.
The United States ranked third with a score of 98.5, bolstered by its extensive infrastructure, including over 30,000 crypto ATMs, ten times more than any other country. Canada followed closely, achieving a composite score of 64.7, propelled by a 225% increase in adoption since 2019. Turkey rounded out the top five with a score of 57.6, driven by a 19.3% crypto ownership rate and robust search activity.
Other notable countries in the top 10 include Germany, Switzerland, Australia, Argentina, and Indonesia, each exhibiting a blend of rising adoption, strong infrastructure, and growing public interest in cryptocurrencies.
A spokesperson from ApeX Protocol remarked, “Crypto is no longer on the fringe. It is 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.”
This report highlights the significant role that Singapore and the UAE play in the global cryptocurrency landscape, setting benchmarks for other nations in terms of adoption and engagement.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
