UAE Tops List of Crypto-Friendly Nations

2 mins mins

Key Points:

UAE ranks as the world’s most crypto-friendly country, surpassing Singapore and the U.S.
Despite low Bitcoin ATM numbers, UAE excels in crypto ownership.
High adoption rates boost UAE’s position in crypto index.

uae-tops-list-of-crypto-friendly-nations — UAE Tops List of Crypto-Friendly Nations

UAE has been named the most crypto-friendly nation globally according to Atmos’ research revealed on March 23.

The UAE’s high cryptocurrency ownership and adoption rates position it at the forefront of global crypto-friendliness, indicating significant potential for growth and investment in the region.

The Atmos study, released by the blockchain-based trading platform Atmos, identifies the UAE with a score of 98.4 as the leading crypto-friendly country worldwide. It surpasses Singapore (97.5) and the United States (85.4).

Despite possessing only one Bitcoin ATM, the UAE’s 25.3% cryptocurrency ownership rate and 210% adoption rate allowed it to clinch the top spot. This contrasts with the United States, which boasts 29,834 Bitcoin ATMs.

Crypto adoption is not just about investment trends. It is reshaping financial systems worldwide. In some regions, it is a hedge against inflation and currency instability, while in others, it is a step toward a more digitized economy.

Global Crypto Market Volatility and Regional Impacts

Did you know? In 2024, Nigeria and Turkey were noted as leading crypto adopters, reflecting the dynamic shifts in global crypto-friendliness over time.

Bitcoin, currently priced at $84,731.58, has a market cap of $1.68 trillion and leads with a 60.468% market dominance, according to CoinMarketCap. Its 24-hour trading volume stands at $10.03 billion, reflecting a decrease of 36.38%. Price changes over periods show a 0.62% increase over 24 hours, but a 14.35% drop over 30 days. These metrics reflect the ongoing volatility within the cryptocurrency markets.

Experts emphasize that increased adoption in regions like the UAE may drive technological advancements. Regulatory frameworks are also evolving, which could provide both opportunities and challenges. According to Atmos, regulatory clarity remains crucial for transitioning cryptocurrency from speculation into mainstream use.