Singapore and the United Arab Emirates ranked first globally among the most cryptocurrency-obsessed countries, according to a recent report from the ApeX Protocol platform.

Where Singapore ranked first with a composite rate of 100, driven by 24.4% of its population owning cryptocurrencies, and leading the world in online search, with 2,000 cryptocurrency-related queries per 100,000 people.

Although only 11% of Singapore's population held digital assets in 2021, this figure nearly doubled by the following year.

As for the United Arab Emirates, it was close to Singapore with a rate of 99.7, occupying the first place globally in terms of individual ownership of cryptocurrencies at 25.3%.

The Gulf state recorded a 210% increase in the adoption rate since 2019, with a significant surge in 2022, and more than 34% of the population owning cryptocurrencies.

Notably, the study assessed the interaction of each country across four indicators, including the rate of ownership, growth in adoption, search activity, and the availability of cryptocurrency ATMs, as reported in the ApeX report shared with the Cointelegraph platform.

The United States leads in the availability of cryptocurrency ATMs.

The United States ranked third with a rate of 98.5, supported by strong infrastructure. The country leads in ATM availability, with more than 30,000 machines, ten times that of any other country, and a 220% increase in cryptocurrency use since 2019.

Canada came in fourth place, supported by the highest growth rate in cryptocurrency adoption in the report at 225%. Its composite rate reached 64.7, with 10.1% of its population holding cryptocurrencies, and the presence of 3,500 ATMs nationwide.

Turkey recorded 57.6, closing the list of the top five, with 19.3% of its population owning cryptocurrencies, ranking third globally in terms of ownership. Monthly searches approach 1,000 inquiries per 100,000 people.

Other countries in the top 10 include Germany (48.4), Switzerland (46.2), Australia (45.1), Argentina (37.6), and Indonesia (37.1), all showing a mix of increased adoption and strong infrastructure, along with growing public interest.

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