Singapore has surpassed the United States to become the top-ranked country in the 2025 Global Crypto Index. This ranking was released by Bybit, a major crypto platform, in partnership with DL Research. The report analyzed 79 countries using 28 different metrics and 92 data points. It looked at how countries use cryptocurrencies, their regulations, and how engaged users are. The index challenges the idea that only trading volume matters. Instead, it uses a broad approach that considers many factors.
Singapore scored the highest, with an overall score of 7.5 out of 10. It received perfect marks for user penetration, meaning over 11% of Singaporeans own or use crypto. The country also scored high in cultural visibility, showing that crypto is a well-known part of daily life there. Singapore’s success is linked to clear rules for crypto businesses and strong support from financial institutions. Its regulators have made it easy for both local and international companies to operate. This openness has attracted many global exchanges and fintech firms to set up in Singapore. Additionally, the presence of over 25,000 cryptocurrencies in the market has spurred interest and innovation within the ecosystem.
Singapore leads with 7.5/10, high user adoption, and clear crypto regulations driving its top global ranking
The country is also seen as ready for widespread adoption, thanks to its strong infrastructure and active engagement from the community. Singapore’s digital finance ecosystem has been bolstered by ongoing innovations and investments in blockchain technology. While the U.S. ranks second overall, it leads in decentralized finance (DeFi) trading, centralized exchange flows, and Lightning network adoption. The U.S. benefits from government support, including ETF approvals and pro-crypto laws. It also has the largest and most influential crypto market in the world, drawing strong institutional investment.
Countries like Lithuania, Switzerland, and the United Arab Emirates also rank high, reflecting diverse strengths across regions. Southeast Asian nations such as Vietnam and Hong Kong are among the top ten, showing widespread adoption in that area.
The report confirms that Singapore is becoming a key hub for crypto activity, especially in everyday use and institutional presence. Its focus on clear regulations and cultural engagement has helped it rise to the top. The index also highlights that grassroots activity in Asia remains strong, especially in India, Vietnam, and Pakistan.
