The popularity and adoption of cryptocurrencies, especially Bitcoin (BTC), continues to increase every day, and a few countries stand out.
The latest research report published to date has revealed some interesting data.
Singapore has emerged as a global leader in cryptocurrency adoption, according to a new report by Bybit and DL Research.
A new report titled “World Cryptocurrency Ranking 2025” ranks Singapore first out of 79 countries.
Singapore was followed by the United States, Lithuania, Switzerland and the United Arab Emirates.
Other data included in the report shows stablecoins are experiencing great success across regions and income levels, the growth of non-US dollar stablecoins is accelerating, and the number of businesses accepting payments in cryptocurrencies is rapidly increasing.
The report also highlighted that the market value of real world asset (RWA) tokenization increased by 63% to reach $2.57 billion.
Additionally, the report noted that on-chain payroll has grown to account for 9.6% of all payroll, and more than 90% of these transactions are conducted using stablecoins.
Of the 79 countries on the list, Turkiye ranked last.
While Turkey is ranked 64th in the world, the report states: “Turkey benefits from strong DeFi web traffic, ranking 7th in the world, and a relatively high cryptocurrency ownership rate (23rd), which contributes to its user penetration ranking of 15th. Despite this, formal infrastructure remains weak, with limited licensing, insufficient fiat support, and an unclear policy framework. Ranked 54th in institutional readiness, Turkey is a largely informal and retail-focused market where users operate with cryptocurrencies without strong institutional support.
*This is not investment advice.
