Singapore and UAE Top Crypto Adoption Rankings

Singapore and UAE crypto adoption leads the world, according to a new ApeX Protocol study. Singapore took the top spot, while the United Arab Emirates followed closely in second place.

Singapore’s Strong Growth in Digital Assets

Singapore scored a perfect 100 in the study. The city-state saw a sharp increase in crypto ownership and unmatched search activity. In fact, 24.4% of the population now owns digital assets. This is more than double the 11% recorded last year.

Search activity confirms the trend. Singapore logged around 2,000 crypto-related queries for every 100,000 residents. That is the highest rate in the world.

The growth is not only about demand. It also reflects clear regulation. The Monetary Authority of Singapore introduced licensing frameworks for token services. It also strengthened consumer protection rules. As a result, investors have more trust in the system. Both retail and institutional players are now more active in the market.

Although global markets remain volatile, Singapore benefits from stability. Its strong technology infrastructure and regulatory clarity continue to attract fintech growth. This mix supports further expansion in the digital finance ecosystem.

UAE’s Expanding Market and Regulation

The UAE ranked second with a composite score of 99.7. Around 25.3% of its population owns crypto. Adoption has grown more than 210% in recent years.

Government action plays a key role. Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi’s frameworks offer clear rules for exchanges, custody, and blockchain services. These steps also align with global standards.

The UAE’s growth also comes from its unique market dynamics. It is a global financial hub with a large expatriate population. Remittance needs and diversified investment options support crypto demand. Over time, analysts expect more integration of crypto into the local financial system.

Global Trends in Adoption

The United States ranked third with a score of 98.5. It has more than 30,000 crypto ATMs and adoption has grown 220% since 2019.

Canada ranked fourth, showing the fastest adoption growth of 225%. It maintains over 3,500 crypto ATMs. Turkey placed fifth with 19.3% of its population holding crypto, despite ongoing economic challenges.

Other active markets include Germany, Switzerland, Australia, Argentina, and Indonesia. All are seeing faster adoption, backed by better rules and stronger infrastructure.

What the Trends Mean

The rise of Singapore and the UAE signals a major shift. Crypto is moving from niche investments to mainstream financial tools. This growth also shows increasing public trust in digital assets.

At the same time, challenges remain. Regulation is still developing in many regions. Yet, with ownership and search interest growing, the long-term trend looks strong.

For now, Singapore and UAE crypto adoption highlights how clear rules, strong infrastructure, and investor interest can drive global leadership in digital finance.

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