As Bitcoin surges towards a staggering value of nearly $120,000, the allure of cryptocurrency is more palpable than ever. Recently, ApeX Protocol conducted an in-depth analysis to reveal which nations exhibit the most fervent passion for digital currencies by examining key aspects such as adoption rates, ownership levels, online search trends, and infrastructure development.
The research considered four critical metrics: the proportion of the population owning cryptocurrency in 2024, the growth rate since 2019, online search inquiries per 100,000 individuals, and the quantity of cryptocurrency ATMs available. Each country received a composite score, with ownership being the most influential factor. The scores were then normalized so that the leading nation achieved a perfect score of 100, forming a hierarchy of the top cryptocurrency-loving countries for 2025.
Singapore Claims the Top Spot
Singapore emerged as the undisputed leader, with approximately one in four residents now holding cryptocurrency. Ownership data shows a dramatic increase from just 11% in 2021, doubling within a year. Notably, the country also leads in search activity, averaging around 2,000 inquiries per capita. These compelling stats endowed Singapore with a flawless score of 100.
United Arab Emirates Not Far Behind
In second place, the United Arab Emirates obtained a commendable score of 99.7. While Singapore excels in search interest, the UAE boasts the highest ownership percentage among ranked nations, at 25.3%. After witnessing a remarkable 210% growth, adoption linked to digital assets surged sharply in 2022, with over one-third of the population claiming to hold these currencies.
United States Ranks Third with Robust Infrastructure
The United States secured the third position with a score of 98.5. Though its ownership rate stands lower at 15.5%, it compensates with extensive infrastructure, hosting approximately 30,000 cryptocurrency ATMs—far exceeding any other country. Additionally, the US has experienced a staggering 220% increase in adoption since 2019.
Canada and Turkey Complete the Top Five
Canada claimed the fourth position with a score of 64.7, greatly aided by the world’s second-largest ATM network of 3,500 machines. The country also recorded a significant 225% surge in adoption, although only about 10% of its population currently engages with cryptocurrency.
Meanwhile, Turkey grabbed fifth place, boasting a score of 57.6. Approximately 19% of its inhabitants own digital currencies, marking it as one of the highest globally for cryptocurrency ownership. It also sees substantial search activity, with nearly 1,000 inquiries per 100,000 individuals.
European Insights and Beyond
Germany, the highest-ranking European nation, took sixth place with a score of 48.4. Similar to Canada, Germany recorded a remarkable 225% spike in adoption, with ownership rising from 10% in 2020 to close to one-third of the population today. Online searches hover around 1,200 per 100,000 people.
Switzerland followed closely in seventh place with a score of 46.2. Known for its “Cryptocurrency Valley,” the nation reveals one of the highest search volumes, averaging about 2,100 inquiries per 100,000 people. Approximately 11.5% of its population engages in cryptocurrency ownership.
Australia secured eighth place, achieving a score of 45.1. With a robust ATM network comprising 1,900 machines, the country also has a 9.6% ownership rate, complemented by a 128% growth in adoption since 2019.
In ninth place, Argentina stands out as the sole South American entry on this list, with a score of 37.6. About 19% of its populace holds cryptocurrency, placing it among the highest for ownership globally, although its growth rate is slower at 87%.
Indonesia completed the top ten with a score of 37.1. With a 163% increase in adoption, around 14% of its citizens are now cryptocurrency owners. However, it trails behind in search activity, reporting fewer than 250 inquiries per 100,000 individuals.
Understanding Global Trends
According to the findings from ApeX Protocol, these results showcase the increasing integration of cryptocurrency into daily life across multiple nations. A spokesperson stated, “Cryptocurrency has transcended its initial status as a niche interest; it’s evolving into a defining component of how various countries are shaping their financial futures. Whether driven by cultural curiosity or institutional momentum, the rapid transformation of the global landscape is undeniable. What’s particularly noteworthy is how seamlessly cryptocurrency has woven itself into everyday existence—not merely as an investment asset but as a reflection of how individuals interact with technology, currency, and trust in the digital era.”
See also: Cryptocurrency powerhouse Tether eyes fundraising aims to become one of the biggest private firms
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