With Bitcoin climbing to a value of nearly $120,000, interest in cryptocurrency is high. ApeX Protocol has measured which countries show the strongest attachment to digital assets, analysing adoption, ownership, search activity, and infrastructure.
The study looked at four factors: the share of people owning cryptocurrency in 2024, the growth rate since 2019, online searches per 100,000 people, and the number of cryptocurrency ATMs. Each country was given a composite score, with ownership weighted most heavily. Scores were then re-scaled so the top performer earned a perfect 100, creating a ranking of the most cryptocurrency-obsessed nations in 2025.
Singapore leads the pack
Singapore ranked first, with nearly one in four residents holding cryptocurrency. In 2021, only 11% of the population owned cryptocurrency, but that figure more than doubled in a year. It also sees the highest search activity, with around 2,000 queries per capita. Together, these factors gave Singapore a perfect score of 100.
UAE in close second
The United Arab Emirates placed just behind, with a score of 99.7. While Singapore dominates in search interest, the UAE has the highest ownership rate in the ranking at 25.3%. Its growth has also been striking – up 210% – with adoption surging in 2022 when more than a third of the population reported holding digital assets.
US ranks third with ATM dominance
The United States came in third with a score of 98.5. While its ownership rate is lower at 15.5%, it benefits from sheer infrastructure. The US hosts about 30,000 cryptocurrency ATMs, ten times more than any other country, and has seen a 220% rise in adoption since 2019.
Canada and Turkey round out the top five
Canada ranked fourth with a score of 64.7, thanks in part to having the second-largest ATM network globally, with 3,500 machines. Its adoption growth has been especially strong – up 225% – though just 10% of its population currently owns cryptocurrency.
Turkey secured fifth place with a score of 57.6. Roughly 19% of its people hold digital currencies, placing it among the highest globally. Cryptocurrency-related searches are also frequent, with close to 1,000 queries per 100,000 people.
Europe and beyond
Germany, the first European country on the list, came sixth with a score of 48.4. Like Canada, it recorded 225% growth in adoption, and ownership has risen from 10% in 2020 to nearly one-third of the population today. Cryptocurrency searches remain steady at about 1,200 per 100,000 people.
Switzerland followed in seventh place with a score of 46.2. Long known for its “Cryptocurrency Valley,” the country shows one of the highest search volumes, averaging 2,100 queries per 100,000 people – second only to Singapore. About 11.5% of its population owns cryptocurrency.
Australia took eighth with a score of 45.1. It maintains the third-largest ATM network worldwide, with 1,900 machines, and has a 9.6% ownership rate. Adoption has grown by 128% since 2019.
Argentina was ninth with a score of 37.6, and stands out as the only South American country in the ranking. Roughly 19% of its citizens hold cryptocurrency, putting it among the highest in ownership, though its growth rate is slower at 87%.
Indonesia rounded out the top ten with a score of 37.1. Adoption has grown 163%, and 14% of its population now owns digital assets. But search activity lags behind other countries, with fewer than 250 queries per 100,000 people.
Global context
ApeX Protocol said the findings reflect how deeply cryptocurrency is becoming part of everyday life in many countries. “Cryptocurrency is no longer on the fringe; it’s becoming part of how countries define their financial future,” a spokesperson said. “From cultural curiosity to institutional momentum, the global landscape is shifting fast. What stands out most is how embedded cryptocurrency has become in everyday life, not just as an investment, but as a reflection of how people engage with technology, money, and trust in the digital age.”
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