Singapore Tops Ranking of Global Blockchain Jurisdictions, US Enters the Race

Singapore is the global champion of blockchain technology based on a recent study of the world's leading cryptocurrency jurisdictions spearheaded by ApeX Protocol.

Singapore has emerged victorious in a recent study examining the world’s leading cryptocurrency jurisdictions, earning the title of global champion in blockchain technology. The study was conducted by ApeX Protocol, a multichain liquidity platform.

The study ranked 10 jurisdictions based on three key metrics: blockchain patents, jobs related to blockchain technology, and crypto exchanges operating in the country. Singapore topped the list with a composite score of 85.4.

According to the study, Singapore boasts an impressive 1,600 blockchain patents, 2,433 industry-related jobs, and 81 crypto exchanges. These numbers are particularly noteworthy for a country with a population of less than 6 million.

The Chinese Special Administrative Region of Hong Kong followed closely behind Singapore, ranking second with a composite score of 82.7. Hong Kong’s strong financial infrastructure is said to have contributed to its high ranking, facilitating the integration of blockchain technology and exchanges.

Another country that performed well in the study is Estonia, ranking third with a composite score of 81.5. Despite having a population of only 1.4 million, Estonia is home to 95 blockchain patents and 52 crypto exchanges.

The remaining top countries for blockchain technology, in order of ranking, are Switzerland, the United States, Canada, Australia, South Korea, the United Kingdom, and the United Arab Emirates.

The study highlights the growing significance of blockchain technology and cryptocurrencies in world economies and showcases the jurisdictions that are leading the way in fostering innovation and adoption.