- Singapore and the UAE are ranked the world’s most crypto-focused nations by ApeX Protocol, with Singapore scoring 100 (24.4% ownership) and the UAE scoring 99.7 (25.3% ownership).
- The UAE leads in crypto ownership with 25.3% of its population holding digital assets and saw a 210% increase in adoption since 2019.
- The United States ranked third, supported by over 30,000 crypto ATMs and a 220% rise in usage since 2019, while Canada saw the fastest growth rate at 225%.
Singapore and the United Arab Emirates (UAE) have emerged as the world’s most crypto-focused (or obsessed) nations, according to reporting by Cointelegraph citing new rankings from ApeX Protocol.
Singapore topped the list with a composite score of 100. Nearly one in four residents, or 24.4% of the population, hold digital assets. The city-state also recorded the highest level of online activity, with roughly 2,000 crypto-related searches per 100,000 people.
The UAE scored 99.7, placing second overall but first in ownership, with 25.3% of the population holding crypto. ApeX noted a 210% increase in adoption since 2019, peaking in 2022 when more than a third of residents reported exposure to digital assets.
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The United States ranked third with 98.5, supported by more than 30,000 crypto ATMs, ten times greater than any other country, and a 220% rise in usage since 2019. Canada followed with 64.7, posting the fastest growth rate of any nation at 225%, while maintaining 10.1% ownership and 3,500 ATMs
APAC Fastest Growing Region, as Australia Advances Legislation
Germany, Switzerland, Australia, Argentina, and Indonesia rounded out the top ten. ApeX said the findings show digital assets are no longer a fringe phenomenon but increasingly central to how nations think about finance and technology.
Australia scored 45.1 with a crypto ownership of 9.6%. All in all, APAC has become one of the fastest-growing regions in terms of on-chain value received, going from US$81 million to a peak of over US$244 million (AU$122m to AU$370m) in December of 2024.
Talking about Australia, a recent proposal shared by Assistant Treasurer Daniel Mulino seeks to wrap the digital asset industry into the Corporations Act by inserting two new categories in it: digital asset and tokenised custody platforms.
Related: Australia Tightens Crypto Oversight as APAC Volumes Triple in Three Years
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