Singapore and UAE are the most 'crypto-obsessed' countries, report shows

TL;DR Breakdown

Singapore and the UAE have ranked globally as the most ‘crypto-obsessed’ nations.
The report measured the countries across several metrics, like crypto adoption rate and ATM availability.
The United States ranks second in Chainalysis’ 2025 Global Crypto Adoption Index.

Singapore and the United Arab Emirates have ranked globally in what is described as the most ‘crypto-obsessed’ nations, according to a recent report by ApeX Protocol. Singapore led the rankings, showcasing the numbers to back it, while the UAE ranked closely behind the country, backing it up with impressive numbers.

The study measured each country’s growth across four indicators, including ownership rate, adoption growth, ATM availability, and search activity. Over the past few years, there has been mainstream adoption of several digital assets. However, when it comes to institutional adoption, Bitcoin and Ethereum still retain their appeal among investors.

Singapore and UAE rank as the most crypto-obsessed countries

According to the report, Singapore stole the top spot with a composite score of 100, a number that was driven by more than 24% of its entire population owning digital assets and leading the world in search activity. The report claimed that the country boasted about 2,000 crypto-related queries per 100,000 people. In 2021, only 11% Singaporeans were active in the crypto space, with the report claiming that the number had doubled the following year.

The UAE, ranking in second place, registered a composite score of 99.7%. The Gulf nation ranked ahead of Singapore in terms of crypto ownership at 25.3%. UAE registered a 210% increase in crypto adoption since 2019, with a significant rise in 2022 after reports claimed that more than 34% of the population were holding different digital assets.

The United States ranked in third place, finishing with a composite score of 98.5%. The country was able to secure the third spot, thanks to its strong infrastructure when it comes to the digital asset industry. The United States led other countries in ATM availability, with over 30,000 more machines. The country presently boasts ten times more machines than any other country, and a 220% rise in digital asset usage since 2019.

Canada sealed fourth place with a composite score of 64.7%. The country was able to cement this position because of its crypto adoption growth rate, which is about 225%. According to the report, about 10.1% of its population holds crypto, with the country boasting about 3,500 ATMs nationwide.

United States ranks second in Chainalysis’ 2025 Global Crypto Adoption Index

Turkey rounded up the top five with a composite score of 57.6%, with 19.3% of its population holding digital asset, ranking third globally in ownership. Monthly search volumes also remain strong at about 1,000 queries per 100,000 people. Other countries that made up the top 10 include Germany, Switzerland, Australia, Argentina, and Indonesia. These countries showed a mix of rising adoption, strong infrastructure, and growing interest among residents.

“Crypto is no longer on the fringe,” a spokesperson from ApeX Protocol said. “It’s becoming part of how countries define their financial future… not just as an investment, but as a reflection of how people engage with technology, money, and trust in the digital age.” Meanwhile, the United States has leapfrogged other countries to enter into second place in Chainalysis’ Global Crypto Adoption Index for 2025.

According to Chainalysis, growing spot Bitcoin ETF inflows and clearer regulatory frameworks were some of the metrics that pushed the United States into the new position. India retained its top position for the third year running, helping the Asia-Pacific region lead in terms of year-on-year growth with a 69% surge in crypto transaction value. Pakistan, Vietnam, and Brazil finished up the top five, with Nigeria slipping into sixth despite regulatory progress.