Philippines Ranks Among Top 10 Easiest Countries for Daily Crypto Use
The Philippines placed 10th globally in ApeX Protocol’s latest Crypto Comfort Index with a score of 73.5, highlighting its growing crypto use infrastructure. The study evaluated seven indicators, including legal crypto status, crypto debit card availability, in-country transactions and search interest in “pay with crypto.” Key findings show that 10.6% of Filipinos own cryptocurrency and local searches for crypto payments average 3.5 K queries per month. While daily crypto transactions and debit cards are supported, real estate purchases using digital assets remain unavailable. Singapore leads the ranking with a near-perfect score of 99, followed by the United States (97) and Switzerland (95.3). Other top countries include Hong Kong, Canada, Australia, Brazil, Portugal and Ireland. ApeX Protocol notes that nations with clear, flexible regulations benefit economically as crypto use expands.
Bullish
The report underlines expanding crypto use infrastructure in the Philippines, signaling growing mainstream adoption. Improved access to crypto debit cards and legal clarity tend to boost user confidence and transaction volumes. Historically, enhancements in crypto payment options and regulatory support—such as El Salvador’s Bitcoin acceptance or Nigeria’s growing peer-to-peer market—have led to bullish market sentiment. In the short term, this positive ranking may increase local trading activity as confidence rises. Over the long term, stronger infrastructure and clearer regulations can attract institutional interest and capital inflows, supporting a sustained bullish trajectory.