Worldwide Crypto Readiness Report 2025

Which countries are the most prepared for cryptocurrency adoption? And how has this changed since 2022?

Following last year’s Worldwide Crypto Readiness Report, we wanted to update the data to reveal the most crypto-ready countries in 2025. Looking at the same factors as last year, we have expanded this year’s report to include all countries within the OECD, G20 and European Union for which data was available. 

This report will reveal the best places around the world for cryptocurrency brokers, traders and enthusiasts. We’ve considered various relevant factors, from the number of businesses in the industry to public interest and the legal standing of crypto. 

We’ve also extended this year’s report to provide a state-by-state comparison of crypto readiness in the United States, revealing the most crypto-ready states and the top state for each factor.

Which states and countries will come out on top? And how will this year’s results compare to last year’s rankings?

Worldwide Crypto Readiness Report 2025

🇭🇰 Hong Kong is the most crypto-ready place in the world

🇭🇰 Hong Kong – Crypto Readiness Score: 8.36

Hong Kong is the most crypto-ready location, earning an overall score of 8.36. This semi-autonomous part of China has a long history of being a centre of trade and commerce in the region, a reputation that seems set to extend to the crypto economy. Crypto traders in Hong Kong can benefit from tax rates of 0%. At the same time, there are a large number of crypto ATMs in the city and many businesses operating within the blockchain and crypto industries.

🇨🇭 Switzerland – Crypto Readiness Score: 8.18

Switzerland takes second place globally with a crypto readiness score of 8.18. This alpine country in central Europe has long been considered one of the continent’s major financial centres due to the highly reputable Swiss banking system. This financial expertise now appears to extend to cryptocurrencies as the country has a very high number of crypto and blockchain businesses for its size and a distinct interest in crypto shown by the local populace, with more than 1,000 crypto searches per 100,000 people. 

🇺🇸 United States – Crypto Readiness Score: 7.25

The United States takes third place in this year’s Crypto Readiness Report, with an overall score of 7.25. As one of the 21st century’s major global economic powers and one of the leading centres of technology, it’s no wonder that the United States scored so highly. The United States has a very high rate of crypto ATMs, with 9.2 per 100,000 people, with more than 31,000 to be found nationwide, and performed well across the board.

Worldwide Crypto Readiness Report 2025

Five new countries make the top 10 in 2025 including Slovenia, Canada and Australia

Worldwide Crypto Readiness Report 2025

The countries at the very top of our 2025 Crypto Readiness Report have largely stayed the same since the previous year, with Hong Kong, Switzerland and the United States occupying the top three in both years. Although, since 2022, Switzerland has overtaken the United States to claim second place.

However, five new countries have made it into the top 10 in this year’s report. Slovenia joins Georgia in fourth place, with a score of 6.76. Canada made sixth place this year, climbing 11 places from 17th in 2022, while Australia has climbed eight ranks to make it to seventh place. Germany follows in eighth place with a score of 6.14, while Bulgaria joins Panama in ninth place with scores of 5.83.

Last year, four countries were tied for fourth place, including Croatia, Georgia, Romania and the United Arab Emirates. Of these, only Georgia remains in fourth, with the rest falling out of the top 10 entirely. 

Five other countries didn’t manage to make it back into the top 10 this year, with Ireland dropping 40 places all the way down to 48th, while the Czech Republic, Greece, and Slovakia also failed to make the cut.

🇳🇱 The Dutch have the most interest in crypto per person

Worldwide Crypto Readiness Report 2025

🇳🇱 Netherlands – Crypto Searches per 100,000 people: 2,524

The Netherlands saw the highest rate of crypto searches in the last year, with 2,524 searches per 100,000 people. This indicates that the Dutch people are particularly interested in cryptocurrency, whether for its potential as an investment option or its many exciting practical applications. 

🇸🇬 Singapore – Crypto Searches per 100,000 people: 1,995

Singapore saw the second-highest rate of crypto searches per 100,000 people at 1,995. Singapore is a centre of technological innovation while also being a regional economic hub and financial centre, making it the perfect place for people to explore ideas around cryptocurrency and blockchain technology.

🇸🇮 Slovenia – Crypto Searches per 100,000 people: 1,724

In third place is Slovenia, which saw a very high rate of crypto searches at 1,724 per 100,000 people. This small Balkan country is often overlooked due to its proximity to some of Europe’s larger economies like Italy, Austria and Germany. However, this high rate of searches indicates that local people are highly engaged with cryptocurrencies and the changes they are bringing to global finance.

🇺🇸 Crypto ATMs are most common in the United States

Worldwide Crypto Readiness Report 2025

🇺🇸  United States – Crypto ATMs per 100,000 people: 9.2

The United States has the world’s highest rate of crypto ATMs, with 9.2 per 100,000 people. The country has by far the highest number of crypto ATMs in operation at 31,120, making it easier than ever for US residents to access their cryptocurrency and become active participants in decentralised finance.

🇨🇦 Canada – Crypto ATMs per 100,000 people: 7.2

Canada has the second-highest rate of crypto ATMs per head, with 7.2 per 100,000 people. Canada also has the second-highest number of crypto ATMs in the world, with 2,788. As the northern neighbours of first-place United States, this suggests that the rollout and usage of crypto ATMs are particularly focused on the North American region.

🇬🇪 Georgia – Crypto ATMs per 100,000 people: 2.7

In third place is the country of Georgia, in the Caucasus region, where there are a total of 137 crypto ATMs for a rate of 2.7 for every 100,000 people. Georgia has finished fourth in both the 2025 and 2022 editions of this report, showing a sustained interest in cryptocurrency and is one of the countries most prepared to fully adopt its use.

🇭🇰 Hong Kong has the most crypto ATMs per square foot

Worldwide Crypto Readiness Report 2025

🇭🇰 Hong Kong – Crypto ATMs per 1,000 km2: 139.9

Hong Kong has the most crypto ATMs for its geographical size, with 139.9 per 1,000 square kilometres. This rate is by far the highest, mostly due to Kong Kong being so small and incredibly densely populated. That said, Hong Kong does have a high number of crypto ATMs despite its smaller size, with a total of 155.

🇨🇭 Switzerland – Crypto ATMs per 1,000 km2: 3.5

Switzerland has the second highest number of crypto ATMs per 1,000 square kilometres, with 3.5. Implementing these devices in Switzerland demonstrates the Swiss people’s forward-thinking attitude and financial awareness, reinforcing the country’s reputation as a European financial hub.

🇺🇸 United States Crypto ATMs per 1,000 km2: 3.2

The United States has 3.2 crypto ATMs per 1,000 square kilometres, putting it in third place. Despite the United States being a vast country encompassing the larger part of a continent, the country achieved the third-highest score for crypto ATMs by area. This is due to the colossal number of crypto ATMs in the United States, with as many as 31,120, which is many times higher than in any other country.

🇪🇪 Estonia is the busiest hub for crypto and blockchain companies

Worldwide Crypto Readiness Report 2025

🇪🇪  Estonia – Blockchain & Crypto Companies per 100,000 people: 18.4

Estonia is the country with the most blockchain startups per capita, with as many as 18.4 per 100,000 people. This Baltic country is fast becoming one of Europe’s burgeoning tech hubs, as evidenced by the 221 blockchain and crypto companies in a country of just over 1.2 million people.

🇸🇬  Singapore – Blockchain & Crypto Companies per 100,000 people: 14.5

Singapore takes second place with 14.5 blockchain and crypto companies per 100,000 people, which is impressive for a single-city country. Once again, Singapore is proving it deserves its reputation as one of Asia’s leading locations for all things tech, trade and finance.

🇨🇭  Switzerland – Blockchain & Crypto Companies per 100,000 people: 5.2

In third place is Switzerland, with 5.2 blockchain and crypto companies per 100,000 people. While this is a considerably lower rate than those in our top two positions, it has still beaten off competition from more than 50 other countries. Crypto and blockchain are thriving in this central European country, with as many as 446 companies working in the industry.

The best countries for crypto tax around the world

Worldwide Crypto Readiness Report 2025

While official tax rules surrounding cryptocurrency profits and trading are becoming much more common around the world, there are some countries that have elected to use tax incentives to entice crypto enthusiasts and encourage the growth of the fintech sector within their borders. Here we can see the countries in our study that offer an effective crypto tax rate of 0%, meaning that individuals can keep 100% of their profits.

However, some differences exist between the rules set by the countries included in this list. Singapore, for example, does not typically impose any tax on individuals’ profits from crypto trading so long as they are not considered professional traders and do not receive crypto as payment for goods or services.

Crypto taxation is still a new concept, and many governments are opposed in their approaches. For example, in Germany, if you sell your cryptocurrency after owning it for at least one year, and if the profit doesn’t exceed 600 EUR, you won’t have to pay any tax on it. However, in neighbouring Luxembourg, if you hold cryptocurrencies for more than six months, any capital gains earned are not taxed, though a hefty tax is imposed once you’ve held those crypto assets for more than one year.

As with any taxable investment, it is important to carefully investigate the tax rules in your country when investing in crypto. There may be some incredible opportunities for individual traders to pay low or no tax on their profits, but there could equally be some considerable tax rates imposed under certain conditions.

The legality of crypto by country

Worldwide Crypto Readiness Report 2025

Here we can see how the legality of cryptocurrency varies in the different countries in our study. In many places, cryptocurrency has been fully legalised, and its use is an accepted part of the financial ecosystem. However, other countries, such as China, have imposed outright bans on crypto trading as they seek to maintain tighter controls on financial markets.

There are also some countries that allow cryptocurrency trading but have been slow or cautious in allowing its use for banking and wider financial services. These countries include the likes of Taiwan, Turkey and Argentina.

🇺🇸 New York is the most crypto-ready US state

Worldwide Crypto Readiness Report 2025

New York – Crypto Readiness Score: 9.80

New York is the most crypto-ready state in the United States, earning an overall score of 9.80. While data for the number of Bitcoin ATMs was unavailable for the Empire State, New York scored very highly in every other category, with large numbers of crypto searches, plenty of crypto-related legislation, and a huge number of crypto and blockchain businesses in operation.

Connecticut – Crypto Readiness Score: 8.07

Connecticut is the second most crypto-ready state, with a Crytpo Readiness Score of 8.07. Connecticut scored highly across the board, with the exception of a slightly lower number of crypto and blockchain businesses than in the other top-performing states. 

Massachusetts – Crypto Readiness Score: 8.03

Massachusetts takes third place for crypto readiness, with a score of 8.03, putting it hot on the heels of second-placed Connecticut. Massachusetts performed particularly well for the number of crypto searches in the state, as well as the high number of crypto and blockchain businesses. This top three, combined with the inclusion of New Jersey, Pennsylvania, Delaware and Rhode Island in the top 10 states, means that the Northeast region of the country is home to a huge block of crypto-ready states, making it the focal point of crypto in the United States.

Worldwide Crypto Readiness Report 2025

🇺🇸 South Carolina has the most interest in crypto per person

Worldwide Crypto Readiness Report 2025

South Carolina – Crypto searches per 100,000 people: 2,395

South Carolina is the state with the highest number of crypto searches compared to its population, with 2,395 searches per 100,000 people. Such a high level of interest indicates that the average person in South Carolina is keen to learn more about the potential benefits that crypto could have, whether as an investment opportunity or for its applications in business and wider technology.

New York – Crypto searches per 100,000 people: 1,284

New York has the second highest public interest in cryptocurrency, with 1,284 crypto searches per 100,000 people. The total number of searches in the state was 252,000 over the last 12 months, which is higher than the majority of countries in our international section.

California – Crypto searches per 100,000 people: 1,255

California has the third highest rate of crypto searches, with 1,255 per 100,000 people. California is known around the world as being a hive of tech development thanks to the famous Silicon Valley, something supported by the high public interest seen in cryptocurrencies. The state saw the highest number of crypto searches in the country, with a total of 490,000 over the past year.

🇺🇸 Delaware has the most Bitcoin ATMs per head

Worldwide Crypto Readiness Report 2025

Delaware – Bitcoin ATMs per 100,000 people: 13.9

The state with the most Bitcoin ATMs per head is Delaware, where there are 13.9 for every 100,000 people. Despite having a low total number of Bitcoin ATMs, the state achieved the highest rate due to its very small population of just over one million people. Delaware finished ninth in the overall table with a Crypto Readiness Score of 6.65.

Florida – Bitcoin ATMs per 100,000 people: 13.1

Florida takes second place with 13.1 Bitcoin ATMs per 100,000 people, meaning people in the Sunshine State can easily access their cryptocurrencies via a physical interface. Florida has a reputation for being pro-crypto, with Miami Mayor Francis Suarez even being paid his salary in Bitcoin.

Illinois – Bitcoin ATMs per 100,000 people: 12.6

The state with the third highest number of Bitcoin ATMs per capita is Illinois, with 12.6 per 100,000 people. Illinois just missed out on a top-three position in our overall state-by-state comparison, finishing third with a Crypto Readiness Score of 7.91.

🇺🇸 Rhode Island has the most Bitcoin ATMs per square mile

Worldwide Crypto Readiness Report 2025

Rhode Island – Bitcoin ATMs per 1,000 square miles: 130.6

Rhode Island is the state with the most Bitcoin ATMs compared to its geographical area, with 130.6 per 1,000 square miles. While there are only 135 Bitcoin ATMs in Rhode Island, which is much lower than in many other states, they are spread across a relatively small area of just over 1,000 square miles.

New Jersey – Bitcoin ATMs per 1,000 square miles: 119.8

New Jersey takes second place with 119.8 Bitcoin ATMs per 1,000 square miles. This is the only rate other than Rhode Island’s that is greater than 100, which is due to the considerable 7,354 individual ATMs in the state. 

Massachusetts – Bitcoin ATMs per 1,000 square miles: 99.2

Third place goes to Massachusetts, which has 99.2 Bitcoin ATMs for every 1,000 square miles. Many of the 7,800 ATMs are centred around the state capital of Boston, which is a hub of business activity, particularly in the tech, finance and healthcare sectors.

🇺🇸 Delaware has the most crypto and blockchain companies per person

Worldwide Crypto Readiness Report 2025

Delaware – Crypto & blockchain companies per million people: 97.2

Delaware has the highest number of crypto and blockchain companies per person, with a rate of 97.2 companies for every million people. There are a total of 99 such companies in the state, and a population of just over 1.018 million, meaning that this small state is punching above its weight when it comes to participating in the burgeoning crypto and blockchain industries.

Wyoming – Crypto & blockchain companies per million people: 80.8

Another particularly high-scoring state is Wyoming, which saw a very high rate of 80.8 crypto and blockchain companies per million people, earning the state second place. Wyoming is a largely rural state with an economy closely tied to mining and agriculture, so its second-place position may come as a surprise to some. Despite only having 47 crypto and blockchain companies in the state, Wyoming has a very low population of just over 581,000 people. This means that while it isn’t home to the biggest crypto industry in the country, Wyoming shows a high concentration of businesses that operate within the sphere of cryptocurrency and blockchain technologies.

New York – Crypto & blockchain companies per million people: 46.9

New York state takes third place with 46.9 crypto and blockchain companies per million people. There are as many as 922 crypto and blockchain businesses in New York, making it one of the biggest business hubs in the country for the crypto and blockchain industries. However, fourth-place California has by far the highest number of crypto and blockchain businesses, with a total of 1,779.

🇺🇸 New York is the most legally prepared for crypto adoption

Worldwide Crypto Readiness Report 2025

New York is the state with the most crypto-related legislation in the United States, indicating that it is most prepared for the adoption and integration of cryptocurrencies. The creation of cryptocurrencies has had a huge impact on the financial landscape, changing the way people think about currency and its applications. 

Four states tied for second place, each with 8 pieces of crypto-related legislation in place. These include Hawaii, Arizona, Missouri and Louisiana. 

Methodology

We wanted to update last year’s Worldwide Crypto Readiness Report with new data for 2025, as well as expand the report to compare the crypto readiness of each US state. For the international section, we looked at each country featured in last year’s report, as well as expanding this to include all OECD, EU and G20 countries for which data was available. Three countries from the previous year’s report, Croatia, Peru and Serbia, were not included in this version due to a lack of data.

We recorded the number of Bitcoin ATMs in each country, taken from Coin ATM Radar, and compared this to population data and land area data taken from the CIA Factbook. This allowed us to calculate the number of Bitcoin ATMs per 100,000 people and per 1,000 square kilometres. 

Next, we noted the legal status of crypto in each country, assigning 2 points to a country if it is fully legal, 1 point if it is legal but not allowed for banking, and 0 points if using crypto is currently illegal. This data was taken from Wikipedia.

The minimum tax rate for profits made from crypto trading was taken from a variety of individual sources for each country, such as TokenTax, Moonbit and CoinDesk, while the number of crypto searches for each country was gathered using Google Keyword Planner and calculated to a rate per 100,000 people. 

The final factor included was the number of crypto and blockchain companies in each country, collected from Golden. All companies within the following categories were included: “cryptocurrency”, “blockchain and cryptocurrency”, “non-fungible token (NFT)”, “cryptocurrency exchange”, “decentralized finance”, “smart contract”, and “blockchain”.

These factors were combined into an equally-weighted score and ranked accordingly to reveal the country that is most crypto-ready in 2025. 

For the state-by-state comparison, the number of Bitcoin ATMs was recorded for each US state from Coin ATM Radar. This was combined with population data from the US Census Bureau and land area data from USA.com to calculate the number of Bitcoin ATMs per 100,000 people and 1,000 square miles. 

The number of pieces of crypto legislation in each state was taken from the National Conference of State Legislatures, while the number of searches for crypto in each state was gathered using Google Keyword Planner and calculated as a rate per 100,000 people.

Lastly, the number of crypto and blockchain companies was taken from Golden.com and included companies from all the same categories as included in the international section. The number of companies in each state was calculated at a rate per 1 million people.

All of these state-wide factors were combined in a single equally-weighted score, which was used to rank the states’ crypto readiness. The number of Bitcoin ATMs was not available for New York, so the score for this state was calculated using only the other three factors.

All data was correct as of 9/08/23.