Singapore, UAE top global crypto adoption rankings: Report

Key Takeaways

•  The report found that 24.4% of Singapore’s population currently owns digital assets, a sharp increase from just 11% in 2021
• Ownership levels in UAE stood at 25.3%, the highest globally

A latest report by Apex has revealed that Singapore and the United Arab Emirates (UAE) have emerged as the leading nations in global cryptocurrency adoption.

Singapore ranked first with a composite score of 100. Ownership levels reached 24.4% of the population, up from 11% in 2021. Search activity also placed Singapore at the top, with 2,000 crypto-related queries per 100,000 people.

The UAE followed closely with a composite score of 99.7. Ownership levels in this middle-eastern country stood at 25.3%, the highest globally, with a 210% increase in adoption since 2019. In 2022, more than 34% of the population reported holding digital assets

The United States of America ranked third with a composite score of 98.5. While ownership rates lag behind Singapore and the UAE, the U.S. leads globally in infrastructure with more than 30,000 crypto ATMs—ten times more than any other country. Crypto usage has also grown by 220% since 2019, according to the report.

Canada placed fourth with a composite score of 64.7. The country posted the highest adoption growth rate in the survey at 225%, with 10.1% of Canadians holding digital assets and more than 3,500 ATMs across the country.

Turkey bagged the fifth place with a score of 57.6. Around 19.3% of its population owns cryptocurrencies, placing it third worldwide in ownership rates. The country also reported nearly 1,000 monthly crypto-related searches per 100,000 people.

Other nations in the top 10 included Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1). 

Ownership rate, adoption growth, search activity, and ATM availability were the four indicators studied for the report.

However, the recent sixth annual Chainalysis Global Crypto Adoption Index has placed India as the leading country in crypto adoption for 2025. The report further noted that the Asia-Pacific (APAC) region has become the fastest-growing market for crypto. In the year ending June 2025, total crypto transaction volume in that region spiked from $1.4 trillion to $2.36 trillion.