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- Singapore and UAE lead global crypto adoption, surprising the world.
- Crypto ownership surges in Singapore, UAE, and the US alike.
- Countries embrace crypto, with Singapore and UAE setting global trends.
Singapore and the United Arab Emirates (UAE) have shocked the world by claiming the top spots in global crypto adoption. According to a recent report by ApeX Protocol, these two nations are leading the charge in cryptocurrency engagement, with Singapore securing the number one position and the UAE not far behind.
Singapore has scored a perfect 100, which has firmly marked it as the international crypto leader. The number of people owning crypto is also an astounding 24.4 percent, and the country is the top crypto searcher in the world. Singapore has experienced an explosive demand with more than 2,000 crypto-related queries per 100,000. The proportion of crypto owners in Singapore increased more than twofold within a year, as the 11 per cent proportion of crypto owners surged to over 24 per cent. This massive, rapid growth in adoption is unprecedented around the world.
In the meantime, the UAE has been close behind, scoring 99.7. The country has one of the highest rates of crypto ownership, with 25.3 percent. It is unbelievable that the UAE has seen its adoption grow by a shocking 210 percent over the last four years, with 34 percent of its population owning crypto in 2022 alone. The country’s strategic attempts to incorporate blockchain and digital assets into the financial system have evidently been a success.
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Crypto Adoption Skyrockets Across the World
In third place, the United States has emerged as a key player in crypto, scoring 98.5. The number of crypto ATMs available in the country is also the highest, exceeding 30,000, ten times higher than in any other country. Over the past few years, the US has seen a 220% rise in crypto adoption, solidifying its position as a global crypto hub.
Canada is the fourth country with a score of 64.7, which is attributed to its growing adoption by 225 percent since 2019. Canada has an expanding network of more than 3,500 ATM, and approximately 10.1% of the Canadian population owns crypto.
Turkey completes the top five, as 19.3 percent of the population owns crypto. The nation is the third most owned country in the world and is still experiencing a high level of interest in digital assets, which is manifested in high levels of monthly searches.
Other countries, such as Germany, Switzerland, Australia, Argentina, and Indonesia, are also making a splash in the crypto world. They are increasingly adopting and building more infrastructure, and the general population is interested in digital possessions.
The results of ApeX Protocol indicate that crypto is no longer an investment. It is taking on a new form as part of the world financial environment and is transforming the way nations engage with money, technology, and trust. With crypto gaining even greater popularity, countries are rapidly recognizing its potential as a fundamental component of their financial system.
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