Singapore and the United Arab Emirates (UAE) have become leaders of the global cryptocurrency market. According to the latest ApeX Protocol report, these two countries are currently the most “crypto-obsessed.” The ranking is based on indicators such as ownership rates, adoption speed, search volume, and crypto ATM availability.

Singapore: From 11% to a quarter of the population in three years

Singapore ranked first with a perfect score of 100 points. As many as 24.4% of its population own cryptocurrencies, more than double compared to 2021, when only 11% held them. The city-state also dominates in online interest, with 2,000 crypto-related searches per 100,000 people.

UAE: World leader in crypto ownership

The UAE came second with a score of 99.7. Here, 25.3% of the population own cryptocurrencies – the highest rate globally. Adoption has surged by 210% since 2019, with the biggest boom in 2022, when over 34% of residents held crypto.

USA: Third place thanks to infrastructure

The United States secured third place with a score of 98.5. Although ownership rates are lower than in Singapore or the UAE, the country benefits from an unmatched infrastructure – more than 30,000 crypto ATMs are in operation, around ten times more than anywhere else. Since 2019, crypto usage has increased by 220%.

Canada and Turkey round out the top 5

Canada ranked fourth, with adoption growing by 225% year-on-year. Today, 10.1% of the population hold digital assets, supported by more than 3,500 crypto ATMs.
Turkey took fifth place with a score of 57.6. Some 19.3% of residents own crypto, placing it third globally in terms of ownership. Online activity is also high, with 1,000 monthly searches per 100,000 people.

Other countries in the top 10

Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1) also made it into the top ten. Their common factors are growing adoption, solid infrastructure, and rising public interest.

Sources:

https://cointelegraph.com/news/singapore-uae-top-global-crypto-obsession-rankings