The World Crypto Rankings 2025 report, released by Bybit and DL Research, reveals that Lithuania, Estonia, and Ireland have become the most agile digital economies driving crypto adoption across Europe. While larger economies such as France and Germany advance through integration with mainstream finance, the smaller markets are outperforming them by better efficiency and agility in leveraging clear regulation and licensing regimes.

The report compares adoption across four pillars (user penetration, transactional use, institutional readiness, cultural penetration) to shed light on how crypto is becoming embedded in everyday life across the world.

With comprehensive and progressive regulatory frameworks, rising institutional acceptance, and innovative ecosystems, European economies punch above their weight in global crypto adoption. Lithuania ranks third worldwide, only behind Singapore (1) and the US (2), thanks to its role as an EU gateway under the Markets in Crypto-Assets Regulation (MiCAR). Its performance is fuelled by forward-looking regulation, an open financial system, and a digitally fluent population that actively engages with crypto platforms. Most of the firms licensed in Lithuania operate globally rather than focusing on the local market.