Research: Singapore tops global list of countries for blockchain and cryptocurrency technology, US ranked fifth

PANews reported on December 22 that according to Crowdfund Insider, a recent study by ApeX listed the top ten leading countries in the field of blockchain and cryptocurrency technology, with Singapore at the top of the list. The study evaluated countries using a composite index that reflects blockchain development and adoption through three core indicators: blockchain patents, blockchain technology jobs, and the number of cryptocurrency exchanges.

Singapore tops the list. The country is home to more than 2,400 jobs related to blockchain technology, in addition to having one of the highest concentrations of cryptocurrency exchanges in the world, with a total of 81 platforms.

Hong Kong ranks second in blockchain and cryptocurrency technology. Its financial infrastructure seamlessly integrates blockchain and is supported by more than 1,100 jobs in blockchain technology and cryptocurrency exchanges.

Estonia ranks third. It has 95 blockchain patents, 149 blockchain-related jobs, and 52 cryptocurrency exchanges.

Switzerland ranks fourth. The country’s leadership in decentralized finance is driven by 440 blockchain-related jobs and 32 cryptocurrency exchanges.

The United States ranks fifth. The United States has 32,000 blockchain patents and more than 17,000 blockchain-related jobs, in addition to 166 cryptocurrency exchanges.

Canada ranks sixth. The country offers more than 1,200 blockchain-related jobs, 1,200 blockchain patents, and 32 cryptocurrency exchanges.

Australia ranks seventh. The country has developed 1,400 blockchain patents, has 573 blockchain-related jobs, and 31 cryptocurrency exchanges.

South Korea ranks eighth. The country holds 18,000 blockchain patents, ranking second among all countries studied. Its workforce is slightly smaller, with 121 blockchain-related jobs, and it owns 29 cryptocurrency exchanges.

The UK ranks ninth. With 95 cryptocurrency exchanges, the country also provides 2,673 blockchain-related jobs and generated 2,800 blockchain patents.

The United Arab Emirates ranks tenth. The country has 340 blockchain patents, 414 blockchain-related jobs, and 9 cryptocurrency exchanges.