Singapore Takes Top Spot in Global Crypto Obsession
Singapore ranked first globally with a perfect score of 100 in ApeX Protocol’s latest report. The city-state leads the world in search activity, recording 2,000 crypto-related queries per 100,000 people. Crypto ownership has surged, with 24.4% of Singaporeans holding digital assets in 2022, up from 11% the year before.
UAE Rises to Second with High Ownership
The United Arab Emirates closely followed with a score of 99.7, ranking first in global crypto ownership at 25.3%. Adoption in the UAE has surged 210% since 2019, with a major boom in 2022 when over 34% of residents reported holding digital assets.
US, Canada and Turkey Complete the Top Five
The United States secured third place with a score of 98.5, supported by over 30,000 crypto ATMs and a 220% increase in usage since 2019. Canada ranked fourth, achieving the fastest adoption growth in the report at 225%, while Turkey placed fifth with nearly one in five citizens owning crypto.
Other Notable Countries in the Top 10
Germany, Switzerland, Australia, Argentina and Indonesia also made the list, highlighting growing interest and infrastructure worldwide. ApeX Protocol noted that crypto has shifted from fringe adoption to a mainstream component of financial systems.
Global Crypto Adoption Trends
A separate Chainalysis report revealed the US climbed to second in its Global Crypto Adoption Index, bolstered by spot Bitcoin ETF inflows and improved regulation. India retained first place in the index for the third year, driving Asia-Pacific’s 69% growth in crypto transaction value.
