29th September 2025 – (Singapore) Singapore and the United Arab Emirates have emerged as the world’s foremost nations for cryptocurrency adoption, according to a comprehensive new study by ApeX Protocol. The research, which analysed digital asset ownership and public search activity, awarded Singapore a perfect composite score of 100, with the UAE following closely at 99.7.
The city-state’s top position was secured by a remarkable surge in digital asset ownership, now at 24.4% of its population — more than double the figure recorded just one year ago. This growth is further evidenced by unparalleled public interest, with approximately 2,000 cryptocurrency-related search queries per 100,000 residents, the highest density globally. Analysts suggest Singapore’s establishment of a clear regulatory framework for digital payment tokens has been instrumental in building public trust and fostering participation.
The UAE claimed second place, driven by a cryptocurrency ownership rate of 25.3% among its population. The country has witnessed adoption growth exceeding 210% in recent years, supported by proactive government initiatives to promote blockchain technology and attract international crypto businesses through progressive regulations, such as those enacted by Dubai’s Virtual Assets Regulatory Authority.
The United States and Canada ranked third and fourth respectively, with the U.S. noted for its extensive network of over 30,000 cryptocurrency ATMs and Canada for recording the fastest adoption growth at 225%. Turkey completed the top five, with 19.3% of its population holding digital assets. The findings indicate a significant global shift as digital currencies transition from niche investments to components of mainstream financial strategy.
