Bybit Reveals World Crypto Adoption Rankings
- Bybit’s report highlights Singapore’s top global crypto adoption position.
- U.S. drops from its previous ranking.
- Asia-Pacific presence in the top 20 indicates regional dominance.
Bybit and DL Research unveiled the World Crypto Adoption Index, ranking 79 countries with Singapore in first place and the U.S. falling from the top position.
The index underscores Asia-Pacific’s dominance and highlights trends in RWA tokenization, non-USD stablecoin usage, and crypto payroll adoption, potentially influencing market dynamics and regional policy focus.
The World Crypto Adoption Index by Bybit, released in partnership with DL Research, features Singapore at the forefront of crypto adoption. This development marks a shift in geographic leadership and highlights the ongoing importance of regulatory environments.
Bybit, a global crypto exchange, and DL Research assessed 79 countries, presenting a top 20 list. The United States, previously ranked first, now falls behind rising Asian economies, underscoring a shift in market dynamics.
The report emphasizes the significant role of real-world asset tokenization, up 63% to over $25.7 billion. This surge in capital underscores the growing interest in on-chain assets across various platforms and regions.
Real-world asset (RWA) tokenization volume is up 63% to over $25.7B.– Bybit Report
Stating the growth of non-USD stablecoins, Bybit points to competitive pressures in stablecoin ecosystems. The shift from USD-dominated to local-currency stablecoins aligns with findings within the top 20 countries.
Crypto payroll adoption increased to 9.6%, indicating broader integration into financial systems. The report reflects these trends without immediate price movements, yet it influences long-term strategic dynamics.
Growth in crypto payroll adoption from 3% to 9.6% within a year highlights increasing acceptance of crypto in everyday transactions.– Bybit Report
Historical data highlights previous adoption index releases by Bybit, creating narratives that inform investment and regulatory strategies. Asia-Pacific dominance in rankings reinforces expectations of future regional market growth and interest.
