Investing Updates: Singapore, UAE are the ‘most crypto-obsessed’ countries: Report

Source:

https://cointelegraph.com/news/singapore-uae-top-global-crypto-obsession-rankings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

ChatGPT:

Singapore and the United Arab Emirates (UAE) have emerged as the world’s most “crypto-obsessed” countries, according to a report by ApeX Protocol. Singapore took the top spot with a perfect score of 100, reflecting 24.4% of its population owning crypto and the world’s highest search activity—2,000 crypto-related queries per 100,000 people. Adoption in Singapore has surged, with ownership more than doubling from 11% in 2021 to over 24% by 2022.

The UAE followed closely with a score of 99.7, ranking first in global ownership at 25.3%. Adoption in the Gulf state has climbed 210% since 2019, peaking in 2022 when more than a third of residents held digital assets. ApeX’s study assessed countries across four categories: ownership, adoption growth, search activity, and crypto ATM availability.

The United States ranked third with a score of 98.5, leading globally in infrastructure with over 30,000 ATMs—ten times more than any other country—and reporting a 220% increase in usage since 2019. Canada placed fourth, fueled by the report’s highest adoption growth rate at 225%. While only 10.1% of Canadians own crypto, its 3,500 ATMs pushed its score to 64.7.

Turkey rounded out the top five with a score of 57.6, where 19.3% of the population own digital assets, ranking third in global ownership, supported by strong search activity. Other notable entries in the top 10 include Germany, Switzerland, Australia, Argentina, and Indonesia.

The report highlights how crypto is shifting from a niche asset class to a mainstream component of financial systems. ApeX noted that digital currencies now represent both investment opportunities and broader transformations in how societies view money and trust in the digital era.