Singapore Claims Top Spot in World Crypto Ranking
Bybit’s 2025 World Crypto Ranking Report unveils a decisive shift in global digital asset adoption, with Singapore overtaking the US to become the world’s leading crypto market and six Asia-Pacific economies breaking into the global top twenty – a clear signal that the region is fast becoming the centre of gravity in the next era of digital finance.
The World Crypto Rankings (WCR) 2025, developed with DL Research and spanning 79 countries, highlight Singapore’s rise to number one globally, according to a media release issued on Thursday.
Its performance reflects regulatory clarity, institutional maturity and widespread public engagement, with more than 11 percent of citizens holding digital assets. The report’s multidimensional framework – built on 28 metrics and 92 data points – underscores structural strengths that position Singapore as a long-term crypto hub.
Asia-Pacific Dominates the Top Tier
Beyond Singapore, Asia-Pacific markets show remarkable breadth and depth in adoption. Vietnam ranks 9th globally, driven by nearly 20 percent crypto ownership and world-leading usage for remittances, savings and DePIN devices.
Hong Kong enters the top 10, powered by regulatory reinvention and a surge of new institutional activity. Other regional contenders – Australia, the Philippines and South Korea – round out the region’s strong presence in the top 20, each propelled by distinct adoption drivers.
Divergent Market Pathways
The report highlights how institutional hubs and grassroots ecosystems coexist across Asia-Pacific. Hong Kong’s strategy hinges on bridging global finance with China’s capital framework through tokenization and stablecoin infrastructure, while Vietnam’s crypto economy thrives on necessity-driven innovation.
The Philippines continues to advance financial inclusion through mobile-first adoption, and South Korea’s deep retail enthusiasm is poised to accelerate once regulatory leadership catches up.
Accelerating Tokenization of Real-World Assets
One of the report’s key global trends is the rapid expansion of tokenized real-world assets. Since January 2025, total on-chain RWA value has grown over 63 percent to more than $25.7 billion.
Countries scoring highly on the Institutional Readiness pillar – led by the US, with the Philippines and Australia ranking 5th and 9th – stand best positioned to capture this next wave of digital-asset innovation.
APAC’s Momentum Reshapes the Global Crypto Landscape
According to Bybit Co-CEO Helen Liu, «Asia-Pacific’s ascent in the crypto space is redefining what’s possible for global finance».
She notes that the region is «setting the pace for the industry» through regulatory innovation, grassroots engagement, and institutional expansion.
The WCR 2025 findings illustrate how local breakthroughs across the region now influence global capital flows, market structure, and digital-asset policy discussions.
Roadmap for Crypto’s Next Phase
The report positions the Asia-Pacific region not only as a fast-growing adopter but also as a shaping force in the structural evolution of digital finance. With rising institutional participation, maturing regulatory frameworks and widespread retail adoption, the region is emerging as a critical engine of crypto innovation.
For policymakers, investors, and industry leaders, the WCR 2025 provides both a diagnostic lens and a strategic roadmap for navigating the next phase of global digital-asset growth.
