Singapore is the most ‘crypto-obsessed’ country, with nearly a quarter of its population holding digital assets, according to a financial review. This comes at a time when Bitcoin is reaching a record-high price of nearly $120K.
The findings come from the firm ApeX Protocol, who set out to find which countries are using digital currencies to the highest level. The output has been shared with Digital Journal.
For the research, each country was analysed across four key factors reflecting public engagement and infrastructure: the share of the population owning cryptocurrency in 2024, the pace of adoption since 2019, online search activity related to crypto, measured per 100K people, and the number of cryptocurrency ATMs in operation.
Final scores were calculated using a weighted formula, assigning 30% to ownership, 25% to adoption growth, 25% to search activity, and 20% to ATM availability. Each country’s composite score was then rescaled so that the top performer received a perfect 100, allowing for a side-by-side comparison of global crypto enthusiasm.
The findings are:
| Country | Cryptocurrency Ownership Rate in 2024 | Score |
| Singapore | 24.4% | 100.0 |
| UAE | 25.3% | 99.7 |
| United States | 15.5% | 98.5 |
| Canada | 10.1% | 64.7 |
| Turkey | 19.3% | 57.6 |
| Germany | 8.2% | 48.4 |
| Switzerland | 11.5% | 46.2 |
| Australia | 9.6% | 45.1 |
| Argentina | 18.9% | 37.6 |
| Indonesia | 13.9% | 37.1 |
As indicated above, Singapore is the world’s most crypto-obsessed country in 2025, as nearly a quarter of its population owns cryptocurrency. In 2021, only 11% of the country used digital currencies, but this number increased by over 2 times by the next year. It has the most crypto-related online searches, recording 2K queries per capita, earning it a perfect composite score of 100.
The United Arab Emirates follows closely in second place, scoring 99.7. When it comes to crypto ownership, the UAE gets ahead of Singapore, with the highest rate in the ranking at 25.3%. The country also has one of the highest crypto growth rates, at 210%. Much of this surge stems from 2022, when crypto adoption in the UAE saw a boom, with over a third of the population (34%) reporting having crypto holdings.
The U.S. ranks third thanks to its solid infrastructure. The country tops the list for the most crypto ATMs, ten times more than any other country on this list, at 30K. The country has also seen a 220% growth rate in crypto use. Together, these factors contribute to the U.S.’s final score of 98.5.
Canada places fourth with a composite score of 64. The country has witnessed the highest adoption growth rate at 225%, and 10.1% of its population now holds cryptocurrency. Following its neighbour, Canada hosts the second-largest crypto ATM network globally, with 3.5K machines.
Turkey rounds out the top five most crypto-obsessed countries, scoring 57.6. It has the third-highest crypto ownership rate globally, with 19.3% of the population holding digital
assets. In terms of search interest, Turkey sees nearly 1K crypto-related searches each month.
Germany ranks sixth, and it is the first European country on this list, with a score of 48.4. It ties with Canada for crypto adoption growth, with both countries seeing a 225% increase over the past few years. Germany’s crypto ownership grew from around 10% in 2020 to nearly 32.5% today. Just as Canada, Germany reports similar interest levels, with close to 1.2K crypto-related searches.
Switzerland follows its neighbour into seventh place among the most crypto-obsessed countries, earning a score of 46.2. It has one of the highest crypto-related search volumes at 2.1K, second only to Singapore. Known for its Crypto Valley region, Switzerland also has a strong crypto ownership rate at 11.5%.
Australia comes in eighth place, scoring 45.1. The country has the third-largest crypto ATM network globally, hosting 1.9K machines. Combined with a high crypto ownership rate (9.6%) and an adoption growth of 128%, Australia has earned its position as one of the most crypto-obsessed countries.
Argentina ranks ninth with a composite score of 37.6. Argentina has the third-highest crypto ownership rate, with 19% of its population using cryptocurrency. The first and only South American country on this list, Argentina, is highly engaged with crypto, with an adoption growth of 87.5%.
Indonesia rounds out the top ten most crypto-obsessed countries with a final score of 37.1. Crypto adoption has grown by 163%, and, currently, 14% of the population owns digital assets. Compared to other countries, crypto-related searches are less common in Indonesia, with 247 queries per 100K people.
