Quick Facts
Crypto Awareness in Singapore Reaches Record High, But Ownership Falls
Singapore, a global financial hub, has witnessed a significant surge in crypto awareness, with a record-high 94% of respondents indicating familiarity with at least one digital asset. This astounding figure is a testament to the country’s commitment to embracing blockchain technology and cryptocurrencies. However, despite this growing awareness, the number of crypto owners in Singapore has declined slightly, falling to 29% in 2025 from 40% the previous year.
Men Take the Lead in Crypto Investing
The survey revealed that men remain more active in crypto investing than women, with 35% of men compared to 24% of women taking part in the market. This gender disparity is a common trend in the financial industry, where men are often more confident in their investment decisions. Additionally, men tend to be more tech-savvy and often have a deeper understanding of blockchain technology, which may contribute to their higher participation rate.
Millennials and Gen X Dominate the Investor Base
The survey also found that millennials and Gen X (aged 25-54) dominate the investor base, comprising 71% of all holders. This age group is more likely to be familiar with digital assets and has a greater appetite for risk-taking, which may explain their higher investment rates. Among those trading at least once a week, 76% fall into this age group, indicating that these individuals are more active and engaged in the crypto market.
Half of Singaporean Investors Plan to Increase Holdings
Despite the decline in ownership, sentiment remains strong, with over half of current holders (53%) planning to increase their positions in the next 12 months. This suggests that investors are confident in the long-term prospects of the crypto market and are willing to take a more active role in their investments. Meanwhile, 17% of non-holders expressed interest in entering the market, indicating that there is still a significant pool of potential investors waiting to be tapped.
Bitcoin Remains the Anchor of the Crypto Market
Bitcoin, the world’s largest cryptocurrency by market capitalization, continues to play a dominant role in the Singaporean crypto market. It is held by 68% of crypto investors and viewed by 86% as either a currency, store of value, or investment asset. Notably, 77% of respondents believe that Bitcoin will be worth over $100,000 by 2030, highlighting the confidence in the asset’s long-term potential.
Arbitrage Trading on the Rise
Arbitrage trading, where investors capitalize on price differences between markets, is also gaining popularity in Singapore. A staggering 67% of respondents have sold part or all of their holdings to capitalize on price swings in the past year, indicating a high level of activity in this space.
Stablecoins Gain Traction
Stablecoins, a type of cryptocurrency pegged to a fiat currency, have gained significant traction in Singapore. 46% of investors hold stablecoins, primarily for trading and DeFi activities, with 83% of these tied to the US dollar. This highlights the importance of stablecoins in the Singaporean crypto market, which is often used as a hedge against volatility.
Memecoins Remain a Speculative Corner of the Market
Memecoins, a type of cryptocurrency that often originated as jokes or memes, continue to thrive in Singapore. 28% of respondents hold at least one mem coin, with Dogecoin being the most popular. While these assets may be speculative in nature, they have a significant following and highlight the diversity of the Singaporean crypto market.
Singapore Becomes a Global Crypto Hub
Singapore has cemented its position as a global hub for blockchain and cryptocurrency development, according to a December 2024 report by ApeX Protocol. The country leads the world with 1,600 blockchain patents, 2,433 crypto-related jobs, and 81 active cryptocurrency exchanges. This demonstrates the country’s commitment to innovation and entrepreneurship in the fintech space.
Regulatory Momentum Builds
In 2024, Singapore doubled down on its regulatory momentum, issuing 13 major payment institution licenses to crypto exchanges, more than twice the number granted in 2023. This indicates a continued push towards regulatory clarity and a welcoming environment for crypto businesses.
Implications for the Crypto Industry
The survey’s findings have significant implications for the crypto industry. Firstly, the growing awareness and confidence in crypto assets among Singaporean investors are likely to drive further adoption and investment in the market. Secondly, the decline in ownership may indicate a shift towards more sophisticated investors who are willing to take a longer-term view. Finally, the rise of arbitrage trading and stablecoins highlights the importance of liquidity and market efficiency in the Singaporean crypto market.
