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The Philippines has surged to 10th place in the latest Cryptocurrency Comfort Index, scoring 73.5 and drawing significant attention from the industry and investors.

According to the ranking published by centralized exchange ApeX Protocol, the country’s rise is driven by three key strengths: crypto legalization, the presence of crypto debit cards, and growing merchant support for digital asset payments.

The report notes that about 10.6% of Filipinos currently hold cryptocurrency, while local monthly searches related to “crypto payment” reach around 3,500 — clear signs of rising public interest. However, the country still does not allow crypto-based real estate purchases, slightly dragging its score in that category.

Singapore Remains the Global Leader

Singapore retained the top spot with a score of 99, supported by a mature regulatory environment, strong crypto infrastructure, and 81 local exchanges.

The United States ranked second with 97 points, boasting over 31,000 crypto ATMs — the highest in the world.

Switzerland placed third at 95.3, performing strongly in both daily crypto spending and real estate applications.

Hong Kong, Canada, Australia, Brazil, Portugal, and Ireland followed in positions 4 through 9, each demonstrating distinct market strengths.

Seven Indicators Behind the Index

The index evaluates crypto friendliness across seven dimensions:

Crypto ownership rate
Number of crypto ATMs
Number of local exchanges
Search interest for “crypto payment”
Availability of crypto debit cards
Support for daily crypto transactions
Permission to purchase real estate with crypto

ApeX Protocol emphasized that with the rapid rise of younger users, regulatory flexibility will shape the future of national crypto economies. The Philippines’ steady climb signals its strengthening competitiveness within the region.