Cryptocurrency continues to capture the attention of investors and tech enthusiasts alike as Bitcoin skyrockets to a value of nearly $120,000. ApeX Protocol, a leading research firm, has delved into the world of digital assets to determine which countries are leading the charge in cryptocurrency adoption and infrastructure development.
The study conducted by ApeX Protocol analyzed four key factors to determine the most cryptocurrency-obsessed nations in 2025. These factors included the percentage of the population owning cryptocurrency in 2024, the growth rate since 2019, online search activity per 100,000 people, and the number of cryptocurrency ATMs available in each country. Each country was assigned a composite score based on these factors, with ownership being the most heavily weighted. The top performer was awarded a perfect score of 100, creating a comprehensive ranking of the most cryptocurrency-friendly nations.
Topping the list is Singapore, with an impressive 25% of its residents owning cryptocurrency. The country has seen a significant increase in ownership, doubling from 11% in 2021 to 25% in 2024. Additionally, Singapore boasts the highest search activity, with around 2,000 queries per capita, earning it a perfect score of 100.
Following closely behind is the United Arab Emirates, with a score of 99.7. The UAE boasts the highest ownership rate in the ranking at 25.3%, with a remarkable growth rate of 210% since 2019. The country experienced a surge in adoption in 2022, with over a third of the population reporting ownership of digital assets.
The United States secured the third spot on the list with a score of 98.5. While the US has a lower ownership rate at 15.5%, it excels in infrastructure, hosting approximately 30,000 cryptocurrency ATMs – ten times more than any other country. The US has also seen a significant 220% increase in adoption since 2019.
Canada and Turkey rounded out the top five, with scores of 64.7 and 57.6 respectively. Canada benefits from having the second-largest ATM network globally, with 3,500 machines, and has experienced a robust growth rate of 225% in adoption. Turkey, on the other hand, has a high ownership rate of 19% and frequent cryptocurrency-related searches.
The European presence on the list begins with Germany in sixth place, boasting a score of 48.4. Switzerland follows closely behind in seventh place, known for its “Cryptocurrency Valley” and high search volumes. Australia, Argentina, and Indonesia complete the top ten, each showcasing unique strengths in cryptocurrency adoption and infrastructure.
Overall, ApeX Protocol’s study highlights the increasing integration of cryptocurrency into everyday life across the globe. From cultural curiosity to institutional momentum, cryptocurrency is reshaping how countries approach finance and technology. The findings underscore the rapid evolution of the global landscape and the growing importance of digital assets in shaping the future of financial systems.
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