Singapore and UAE Emerge as Global Leaders in Crypto Adoption

Singapore and the United Arab Emirates (UAE) are the countries with the highest level of interest in cryptocurrencies worldwide, according to a report published by ApeX Protocol.
The ranking was based on four indicators: cryptocurrency ownership rate, adoption growth, online search activity, and crypto ATM availability.

Singapore ranks first with a total score of 100, driven mainly by 24.4% of its population owning cryptocurrencies and a high level of online searches, with around 2,000 crypto-related queries per 100,000 people. In 2021, only 11% of Singaporeans held digital assets, but that figure doubled the following year.

The UAE ranks second with a score of 99.7, leading globally in ownership rate at 25.3%. Crypto adoption in the country has increased by 210% since 2019, with significant expansion in 2022 when more than 34% of the population reported holding digital assets.

The report highlights the accelerating adoption of digital assets in these two financial hubs, driven by strong technological infrastructure and supportive regulation.