Bybit, in partnership with DL Research, released its 2025 Global Cryptocurrency Ranking Report: A Reshuffling of the Global Digital Asset Landscape, Emerging Three Major Trends.

Singapore, with its world-leading regulatory clarity, over 11% resident currency holding rate, and strong institutional maturity, surpassed the United States to rank first globally. The United States ranked second, with Lithuania, Switzerland, and the United Arab Emirates ranking third to fifth, respectively. The Asia-Pacific region performed particularly well, with Vietnam ranking ninth, Hong Kong tenth, and Australia, the Philippines, and South Korea also successfully entering the global top 20.