Global Crypto Leaders: Singapore, UAE Take Lead as US, Turkey Catch Up

Singapore is the most crypto-engaged country in the world, according to a new ApeX Protocol study. It scored a perfect 100...

Quick overview

  • Singapore is the most crypto-engaged country, with 24.4% of its population owning cryptocurrency and a perfect score of 100 in online activity.
  • The United Arab Emirates ranks second, with 25.3% ownership and a 210% growth in adoption since 2019.
  • The United States follows in third place, boasting 30,000 crypto ATMs and a 220% rise in usage since 2019.
  • Canada shows the highest growth rate at 225% since 2019, with 10.1% of its citizens owning crypto.

Singapore is the most crypto-engaged country in the world, according to a new ApeX Protocol study. It scored a perfect 100, with high ownership and online activity.

24.4% of Singapore’s population owns cryptocurrency, up from 11% in 2021. Search interest has also skyrocketed, with 2,000 crypto-related queries per 100,000 people, the highest globally. The numbers show Singapore is rapidly becoming a digital asset hub, driven by supportive regulation and growing retail participation.

The United Arab Emirates came in second with a score of 99.7, with 25.3% of its population owning cryptocurrency. Adoption has grown 210% since 2019, with a huge boom in 2022 when over a third of residents said they owned crypto.

The United States was third with a score of 98.5, backed by infrastructure. With 30,000 crypto ATMs across the country, the U.S. has ten times more machines than any other country. Usage has grown 220% since 2019, showing broad institutional and retail adoption.

Canada was fourth, driven by the highest growth in the report—225% since 2019. With 10.1% of its citizens owning crypto and 3,500 ATMs, Canada scored 64.7.

Key Figures:

  • Singapore: 24.4% ownership, top in search activity
  • UAE: 25.3% ownership, 210% growth since 2019
  • U.S.: 30,000 ATMs, 220% rise in usage
  • Canada: 225% adoption growth, 3,500 ATMs

Turkey and Beyond: Growing Global Interest

Turkey rounded out the top five with a score of 57.6. It’s third in ownership with 19.3% of its population holding digital assets. Online engagement is still strong, with nearly 1,000 monthly crypto searches per 100,000 people.

Other notable markets:

  • Germany (48.4) and Switzerland (46.2), showing Europe’s steady growth.
  • Australia (45.1), where infrastructure and investor appetite are expanding.
  • Argentina (37.6) and Indonesia (37.1), reflecting growth in emerging markets.“Crypto is no longer on the fringes,” ApeX Protocol said. “It’s becoming the core of how countries see their financial futures, where investment meets technology and trust.”

Chainalysis’ 2025 Global Crypto Adoption Index had India at number one, followed by the U.S. at number two. Pakistan, Vietnam and Brazil made the top five, with Asia-Pacific seeing a 69% year-on-year growth in transaction value.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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