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.