Revealed: The five countries most prepared for the mass adoption of crypto

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A new survey has revealed which countries are best prepared for the widespread adoption of cryptocurrencies.

The United States tops the list with a score of 7.13 out of 10. Cyprus was second at 6.47, Singapore third at 6.3, Hong Kong fourth at 6.27 and the United Kingdom fifth with 6.06.

A number of metrics have been taken into account for the Crypto Ready Index. They included the number of crypto ATMs in a country, whether they were easily accessible by the population, and the attitude of governments towards digital assets more generally. Cryptocurrency online research traffic was also taken into account.

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The breakdown

Crypto Head, who carried out the research, said the United States is leading the way in deploying crypto ATMs with 17,000 spread across the country. There has also been a 140% increase in searches for cryptocurrency in the United States over the past year.

Cyprus has seen similar increases in the number of search queries. Overall, 33.9% of the population searched for the highest crypto information in the world.

While Singapore is home to 10 crypto ATMs, Hong Kong is home to 124. On average, that means there is one for every three square miles and one for every 60,000 people.

Ireland, Slovenia, Australia, Germany and Canada rounded out the 10 Most Crypto Ready Countries.

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