Today, a comprehensive global cryptocurrency research report prepared by Bybit and DL Research was released, highlighting the countries leading in crypto adoption. While the United States, Lithuania, Switzerland, and the UAE rank high, the top position goes to Singapore. So, where does Turkey stand in this race, and what are the projections for 2026?
2025 Cryptocurrency Report
This report tracking global adoption of cryptocurrencies focuses on four key pillars: user penetration, transactional usage, institutional readiness, and cultural penetration. The index, based on 28 metrics and over 90 data points, examines CEX and DeFi activities, stablecoin flows, regulations, licensing clarity, app downloads, and search traffic.
As a detailed study with many subtopics, this report is critical for understanding global crypto adoption trends.
So, who tops the list? Singapore takes the lead, and the USA secures second place, spurred by regulatory clarity, licensing frameworks, and efforts in the sector. Singapore stands out as a hub, differentiating itself globally.
One of the intriguing insights from this year is the rise of smaller markets. Lithuania climbs the ranks with its licensing infrastructure and MiCA role, serving as an EU entry point. Vietnam garners attention for usage and penetration, while Ukraine and Nigeria emerge as global leaders, showcasing regions where instability offers rare advantages.
Where Does Turkey Rank?
Globally, Turkey ranks 65th, positioned between Bahrain and Ghana. Despite a low overall ranking, Turkey holds the 7th spot for DeFi web traffic and 23rd for cryptocurrency ownership. User density places Turkey 15th, but it lags in legal infrastructure. Licensing is limited, and fiat onramp support is inadequate. Uncertain crypto-focused policy frameworks further hinder Turkey’s global standing.
This scenario indicates a market focused on individual investors due to a lack of institutional support. If restrictive regulations are replaced by clear legal frameworks and necessary support is provided, Turkey has ample room for growth in crypto innovation. While Singapore hosts numerous large crypto companies, the UAE takes crypto seriously, and Trump expresses ambitions to make the USA a crypto hub, Turkey lags behind, with authorities remaining distant from the sector.
2026 Cryptocurrency Expectations
The expectations emphasized in the report revolve around adoption and regulation. The report paints a picture of how countries will respond to increasing adoption in the coming year.
“With MiCA’s implementation, Europe’s regulatory landscape will consolidate, enhancing hubs like Lithuania and Ireland.
Nigeria’s regulatory decisions will determine if its vibrant grassroots market remains informal or integrates into the formal system.
Stablecoin growth will accelerate in both developed and necessity-driven markets, with local currency versions playing a bigger role in domestic payments.
Tokenization of real-world assets will transition from pilots to regulated markets in centers like Singapore, Switzerland, and the UAE.
Crypto salary payments are expected to become widespread, especially in high remittance and remote work economies from the Philippines to Latin America.”
