Singapore and the United Arab Emirates have emerged as the world’s most enthusiastic crypto markets, according to new research by decentralized exchange ApeX Protocol.
The study evaluated 50 countries across four metrics: ownership rates, adoption growth, online search activity, and the availability of crypto ATMs.
Singapore achieved a perfect score of 100, reflecting a sharp rise in digital asset ownership. Roughly one in four Singaporeans now hold cryptocurrency, and the city-state logs around 2,000 crypto-related Google searches for every 100,000 residents. Just a few years ago, in 2021, only about 11% of the population owned digital assets.
The UAE followed closely with a composite score of 99.7. It leads the world in crypto ownership, with more than 25% of residents holding digital currencies.
Adoption in the Gulf nation has surged more than 200% since 2019, highlighted by a dramatic increase in 2022 when more than a third of the population reported owning crypto.
North America and Turkey Round Out the Leaders
The United States placed third with a score of 98.5, thanks largely to infrastructure. More than 30,000 crypto ATMs operate across the country, ten times more than any other nation, and crypto usage there has grown by 220% since 2019.
Canada ranked fourth, posting the fastest adoption growth in the report at 225%. About 10% of Canadians now own digital assets, and more than 3,500 crypto ATMs are in service nationwide.
Turkey completed the top five with a score of 57.6. Nearly one-fifth of the Turkish population owns cryptocurrency, and search activity remains high with close to 1,000 crypto-related queries per 100,000 residents each month.
Germany, Switzerland, Australia, Argentina and Indonesia rounded out the top ten, each showing a blend of rising ownership rates and growing public interest.
An ApeX Protocol spokesperson said the findings show that crypto is moving firmly into the financial mainstream, describing it as “a reflection of how people engage with technology, money and trust in the digital age.”
Wider Adoption Trends
Separate data from blockchain analytics firm Chainalysis shows the United States climbing to second place in its 2025 Global Crypto Adoption Index, buoyed by spot Bitcoin ETF inflows and clearer regulatory guidance.
India maintained the top position for the third consecutive year, while Pakistan, Vietnam and Brazil also secured high rankings.
Together, the reports highlight a worldwide shift: cryptocurrency is no longer a niche investment, but an increasingly central part of how countries and their citizens approach finance.
