Singapore Tops ApeX Crypto Adoption Index; UAE Leads Ownership as US Boasts 30,000 ATMs
ApeX Protocol’s latest report ranks Singapore first in global crypto adoption, achieving a perfect score and doubling digital asset ownership to 24.4% since 2021. The city-state also leads in search interest and advanced infrastructure. The UAE follows closely, topping ownership at 25.3% with a 210% adoption surge, while the US ranks third, supported by regulatory clarity, spot BTC ETFs and 30,000 crypto ATMs. Canada and Turkey secure fourth and fifth spots amid rising inflation-driven demand. Notably, Singapore pursues tokenization via Project Guardian and launched XSGD, its first SGD-backed stablecoin. In contrast, Hong Kong’s strict KYC/AML rules have slowed stablecoin licensing until 2026. This trend underscores the impact of clear regulations and robust infrastructure on crypto adoption.
Bullish
The report highlights accelerating global crypto adoption, especially in Singapore and the UAE, driven by robust infrastructure, clear regulations, and institutional support. Singapore’s tokenization initiatives under Project Guardian and the launch of XSGD signal growing on-chain utility, while the US benefits from spot BTC ETFs and 30,000 ATMs that lower entry barriers. These developments boost investor confidence and trading volumes. In the short term, market enthusiasm may drive increased activity in BTC and related tokens. Over the long term, supportive regulation and expanded infrastructure should sustain growth, underpinning a bullish outlook for crypto markets.