Bybit Report: Singapore Emerges as Global Crypto Hub, Signaling Asia-Pacific Dominance
A landmark report from cryptocurrency exchange Bybit, in collaboration with DL Research, has revealed a significant shift in the global cryptocurrency landscape. As of late 2025, Singapore has officially surpassed the United States to become the world's leading nation for cryptocurrency adoption. This conclusion is drawn from a comprehensive index that meticulously evaluated 79 countries across three critical dimensions: the robustness of their regulatory frameworks, the readiness of their institutional infrastructure, and the depth of user penetration within their populations. The study underscores a powerful trend: the Asia-Pacific region is now at the forefront of the digital asset revolution. An impressive six jurisdictions from this region secured positions within the top 20 of the global rankings. While Singapore's rise is attributed to its clear and progressive regulatory environment, which has fostered institutional confidence, the report also highlights other regional success stories. Notably, Vietnam demonstrates exceptional strength in grassroots, retail-level adoption, showcasing a vibrant public engagement with cryptocurrency that complements Singapore's institutional lead. This shift signifies more than just a change in ranking; it represents a fundamental realignment in the crypto ecosystem's center of gravity. The United States' displacement from the top spot suggests that regulatory clarity and proactive government stance, as exemplified by Singapore, are becoming decisive factors for growth. For investors and industry participants, this data is a crucial signal. It indicates that the most dynamic opportunities for cryptocurrency integration, innovation, and investment are increasingly concentrated in the Asia-Pacific markets. The Bybit report provides compelling evidence that the future of finance is being written not just digitally, but with a distinctly Asian accent, urging global market watchers to pay close attention to the regulatory and adoption trends emerging from this region.
Singapore Overtakes US as Top Country for Crypto Adoption, Bybit Report Finds
Singapore has dethroned the United States as the global leader in cryptocurrency adoption, according to a comprehensive index released by Bybit and DL Research. The study evaluated 79 nations across regulatory frameworks, institutional readiness, and user penetration metrics.
Asia-Pacific markets dominate the rankings, with six jurisdictions in the top 20. Vietnam's grassroots adoption and Singapore's regulatory clarity showcase contrasting paths to crypto maturity. Nearly one-fifth of Vietnam's population holds digital assets, while Singapore boasts the world's highest crypto ownership rate at 11%.
The city-state's licensing regime has attracted major exchanges and fintech firms, creating a virtuous cycle of institutional participation and retail engagement. Meanwhile, Lithuania, Switzerland, and the UAE complete the top five, signaling Europe and the Middle East's growing crypto influence.
Crypto Losses Soar to $3.4 Billion in 2025 as Hackers Target High-Value Platforms
Cryptocurrency theft surged to $3.4 billion in 2025, marking the highest annual loss since 2022. Three major breaches—including a $1.4 billion attack on Bybit—accounted for 69% of total losses, underscoring the growing sophistication of cybercriminals targeting high-value platforms.
Despite rising total value locked in DeFi, losses in decentralized finance remained relatively contained, suggesting improved security measures. North Korean hacker groups were linked to over $2 billion in stolen assets, highlighting their escalating threat to the crypto ecosystem.
