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Bybit’s World Crypto Rankings put Singapore first for crypto adoption, with Vietnam, Hong Kong and different Asia-Pacific markets surging as RWA, native stablecoins and crypto payrolls develop
Abstract
- Bybit and DL Analysis rank Singapore first out of 79 nations on 28 metrics spanning regulation, establishments and person penetration, pushing the U.S. off the highest spot.
- Asia-Pacific claims six of the highest 20 positions, led by Singapore, Vietnam and Hong Kong, with Vietnam excelling in grassroots utilization and Hong Kong rebounding submit‑regulatory reset.
- The report flags three tendencies: a 63% soar in actual‑world asset tokenization to over $25.7 billion, rising non‑USD stablecoins and crypto payroll adoption climbing from 3% to 9.6% in a yr.
Singapore has surpassed the US to rank because the world’s main nation for cryptocurrency adoption, in keeping with an index printed Tuesday by cryptocurrency alternate Bybit in partnership with DL Analysis.
Crypto rankings choose Singapore
The World Crypto Rankings assessed 79 nations throughout 28 metrics and 92 information factors, inspecting regulatory frameworks, institutional readiness, and person penetration, in keeping with the report. The U.S. fell from first place, with Lithuania, Switzerland and thu acquired hase UAE rounding out the highest 5.
Asia-Pacific markets claimed six positions within the high 20, led by Singapore at primary, Vietnam at 9, and Hong Kong at ten, the report acknowledged. Australia ranked eleventh, the Philippines seventeenth, and South Korea twentieth.
Helen Liu, co-CEO of Bybit, stated in an announcement that Asia-Pacific’s efficiency demonstrates the area is setting the tempo for the trade by way of regulatory management and grassroots momentum.
Singapore’s high rating displays regulatory readability, institutional maturity and excessive person engagement, in keeping with the report. Over 11 % of Singaporeans maintain cryptocurrency, representing the best person penetration fee globally, the index discovered. The town-state’s licensing regime has attracted main exchanges and fintech companies.
Vietnam emerged because the highest-ranked growing market, pushed by grassroots adoption somewhat than institutional infrastructure, in keeping with the findings. Practically 20 % of Vietnam’s inhabitants owns digital property, primarily for remittances, financial savings and inflation safety. The nation ranked first globally for transactional use and decentralized bodily infrastructure system adoption.
Hong Kong’s tenth-place rating marks a restoration following its regulatory overhaul and new licensing framework, the report acknowledged. Consumer penetration ranks eighth globally, with the report describing Hong Kong as bridging Western and Asian monetary fashions by way of stablecoins and tokenization.
The report recognized three main tendencies: progress in real-world asset tokenization, which elevated 63 % to over $25.7 billion since January; emergence of native currency-pegged stablecoins in markets searching for lowered greenback dependence; and enlargement of crypto payroll, with 9.6 % of pros receiving partial wage in cryptocurrency in 2024, up from 3 % in 2023.
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