Crypto awareness in Singapore hits record 94%, but ownership falls

Singapore’s crypto landscape shows high awareness but declining ownership. A recent Independent Reserve survey reveals that while 94% of respondents are familiar with at least one digital asset, ownership dropped to 29% in 2025 from 40% the previous year. Despite this, positive sentiment persists; 53% of current holders plan to increase their investments, and 17% of non-holders are interested in entering the market. Men (35%) are more active than women (24%), with millennials and Gen X (71%) dominating the investor base.

Bitcoin remains the cornerstone, held by 68% of investors and viewed by 86% as a currency, store of value, or investment asset. A significant 77% believe Bitcoin will surpass $100,000 by 2030. Direct ownership is preferred (61%), over ETFs. Arbitrage trading is also prevalent, with 67% capitalizing on price fluctuations. Awareness of other cryptocurrencies varies, with Ethereum (54%), Dogecoin (41%), Shiba Inu (23%), and Solana (22%) following Bitcoin (91%). Stablecoin holdings stand at 46%, mainly for trading and DeFi, with 83% US dollar-pegged. Memecoins, led by Dogecoin, attract 28% of investors.

Singapore’s position as a global crypto hub is solidified, leading in blockchain patents (1600), crypto-related jobs (2433), and active exchanges (81), according to an ApeX Protocol report. This dominance is further underscored by the Monetary Authority of Singapore’s issuance of 13 major payment institution licenses to crypto exchanges in 2024 – more than double the 2023 figure. This regulatory activity, coupled with high investor interest despite decreased ownership, paints a picture of a dynamic and evolving crypto market in Singapore. The enduring appeal of Bitcoin, alongside the growing interest in stablecoins and the persistent allure of memecoins, suggests a multifaceted investment landscape.