Singapore, UAE Rank as Most Crypto-Obsessed Nations: ApeX Report

Singapore and the United Arab Emirates rank globally as essentially the most “crypto-obsessed” nations, in accordance with a latest report by ApeX Protocol.

Singapore claimed the primary spot with a composite rating of 100, pushed by 24.4% of its inhabitants proudly owning crypto and main the world in search exercise, with 2,000 crypto-related queries per 100,000 individuals. In 2021, solely 11% of Singaporeans held digital belongings, however that determine greater than doubled by the next yr.

Shut behind, the UAE scored 99.7, rating first globally for crypto possession at 25.3%. The Gulf nation noticed a 210% improve in adoption since 2019, with a major growth in 2022 when over 34% of the inhabitants reported holding crypto.

The examine measured every nation’s engagement throughout 4 indicators, together with possession price, adoption progress, search exercise and ATM availability, ApeX stated within the report shared with Cointelegraph.

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The US leads in ATM availability

America ranked third with a rating of 98.5, backed by sturdy infrastructure. The US leads in ATM availability, with over 30,000 machines, ten instances greater than every other nation, and a 220% rise in crypto utilization since 2019.

Canada got here in fourth, boosted by the very best adoption progress price within the report at 225%. With 10.1% of its inhabitants proudly owning crypto and three,500 ATMs nationwide, Canada’s composite rating reached 64.7.

Turkey, scoring 57.6, rounded out the highest 5 with 19.3% of its inhabitants holding crypto, rating third globally in possession. Month-to-month search volumes additionally stay sturdy at practically 1,000 queries per 100,000 individuals.

Different nations within the high 10 embrace Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1), every displaying a mixture of rising adoption, sturdy infrastructure and rising public curiosity.

“Crypto is not on the perimeter,” a spokesperson from ApeX Protocol stated. “It’s turning into a part of how nations outline their monetary future… not simply as an funding, however as a mirrored image of how individuals have interaction with expertise, cash, and belief within the digital age.”

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