Morocco Ranks 58th in World Crypto Rankings 2025

Rabat – Bybit and DL Research have released the 2025 World Crypto Rankings, offering a detailed assessment of how crypto-assets are becoming part of everyday life worldwide. 

The study draws on 28 indicators and 92 data points to evaluate crypto adoption across four main pillars: user penetration, transactional use, institutional readiness, particularly the legal and regulatory environment, and cultural penetration, which measures public interest, education, and digital visibility.

Driven by comprehensive regulatory frameworks, growing institutional acceptance, and mature innovation ecosystems, developed economies continue to lead globally. 

Singapore tops the ranking, followed by the US, Lithuania, Switzerland, and the United Arab Emirates (UAE).

Morocco ranks 58th worldwide

Within this global landscape, Morocco ranks 58th out of 79 countries identified as highly integrated into the crypto-asset ecosystem. 

This position reflects a tangible but uneven adoption, indicating a structural gap between actual usage and institutional oversight.

The report situates Morocco within a Middle East and North Africa (MENA) region characterized by sharp internal disparities. 

Rather than following a single model of adoption, the region is shaped by contrasting profiles in which crypto-assets serve different purposes depending on economic and institutional contexts. 

In Gulf countries, crypto largely functions as a tool for innovation, investment, and financial diversification. In contrast, across North Africa and parts of the Levant, adoption remains largely informal and responds to pressures such as inflation, capital controls, and limited access to traditional banking services.

This pattern is primarily driven by user needs, despite restrictive regulatory environments and the absence of structured public policies. 

The UAE stands out in the region, thanks in large part to its advanced regulatory framework, strong institutional integration, and sustained activity on formal crypto markets. 

Morocco, by contrast, records strong usage indicators but weak institutional performance.

Strong transactional use and a central role for stablecoins

A breakdown of sub-indicators makes these imbalances clear. In terms of transactional use, Morocco performs well above its overall ranking, placing 24th globally.

This momentum is also visible on centralized exchange platforms, where the country ranks 23rd worldwide in terms of the value of crypto-assets received, pointing to sustained exchange activity.

Crypto ownership rates are likewise relatively high, with Morocco ranking 24th globally. This indicates significant adoption among the population despite existing regulatory restrictions. 

The report also points to the prominent role of stablecoins in local usage patterns. 

Relative to the size of the economy, stablecoin flows place Morocco among the more active countries on this indicator, confirming their importance in value transfers, payments, and everyday transactions, regardless of the market’s level of formalization.

Institutional readiness remains among the lowest

These strong usage indicators are offset by very weak institutional metrics. 

Morocco ranks 72nd globally for regulatory clarity, while its overall institutional readiness drops to 77th place. 

According to the report, ongoing regulatory uncertainty limits market structuring, slows the development of formal infrastructure, and acts as a major barrier to broader adoption, particularly among banks, financial institutions, and other institutional actors.

This situation reflects a recurring pattern across several emerging economies, where user adoption advances faster than legal and institutional frameworks. 

Overall, Morocco’s ranking presents a profile common to many emerging crypto markets: widespread use of crypto-assets for transactions and value transfers, alongside the absence of a clear framework that would allow deeper integration into the formal financial system.

The report concludes that this disconnect between usage-driven adoption and institutional development is one of the defining features of the global crypto ecosystem this year, with Morocco offering a clear example within the MENA region and beyond. 

Growing demand, particularly among younger users, points to a market with the potential to evolve rapidly if supported by appropriate policy and financial frameworks.

In this context, the Ministry of Economy and Finance published a draft bill regulating crypto-assets on October 31, marking a significant step toward structuring and developing the sector.