Cryptocurrency awareness in Singapore has reached an all-time high, indicating that 94% of respondents in a recent survey are familiar with at least one digital asset.
However, according to Independent Reserve’s 5th Singapore Crypto Market Survey released on May 21, ownership declined, falling from 40% the previous year to 29% in 2025.
The survey, conducted in February with 1,500 participants, revealed that men continue to maintain 35% of their ability in crypto investments compared to 24%.
Millennials and X (ages 25-54) control the investor base, accounting for 71% of all holders. Of those who trade at least once a week, 76% are classified into this age group.
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Half of Singaporean investors are planning to increase their holdings
Despite the decline in ownership, emotions remain strong. More than half (53%) of current holders plan to increase their positions in the next 12 months, with 17% of non-holders showing interest in entering the market.
Bitcoin (BTC) continues to be the anchor of Singapore’s crypto market. It is held by 68% of crypto investors, with 86% being considered either currency, value stores or investment assets. In particular, 77% say that Bitcoin is worth more than $100,000 by 2030.
Direct ownership remains a preferred method of exposure, with 61% choosing to hold assets directly, rather than funds (ETFs) traded on the exchange.
Arbitrage trading is also on the rise, with 67% of respondents saying they have sold their shares in the past year to take advantage of price fluctuations.
Meanwhile, 46% of investors hold stubcoins primarily due to transactions and debt, with 83% of these being tied to the US dollar.
Memecoins is a speculative corner of the market, with 28% of respondents holding at least one, with Dogecoin (Doge) being the most popular.
Related: Singapore Exchange to List Bitcoin Futures for H2 2025: Report
Singapore becomes a global crypto hub
According to a December 2024 report by Apex Protocol, Singapore has solidified its role as a global hub for blockchain and cryptocurrency development.
According to the study, Singapore is the world’s leading company in 1,600 blockchain patents, 2,433 crypto-related employment and 81 active cryptocurrency exchanges.
Hong Kong ranked second in 890 blockchain patents, 1,163 jobs in the sector and 52 crypto exchanges.
In 2024, Singapore doubled its regulatory momentum. The financial authorities in Singapore have issued 13 major payment institution licenses to cryptocurrency exchanges more than twice the number granted in 2023.
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