A new survey has revealed that even though cryptocurrency awareness in Singapore continues to rise, the number of actual crypto holders has relatively declined.
Crypto Trends in Singapore: 94% Know At least One Cryptocurrency
According to the 2025 Singapore Crypto Market Survey released by licensed exchange Independent Reserve, 94% of Singaporeans are now familiar with at least one cryptocurrency. However, actual ownership has fallen from 40% in 2024 to 29% this year.
The survey, conducted in February with 1,500 participants, marks the fifth consecutive year that Independent Reserve has assessed trends in crypto awareness, adoption, and investor sentiment in the city-state. The report highlights a clear generational trend i.e., millennials and Gen X investors (aged 25–54) make up 71% of current holders, up from 61% last year. Notably, this age group also accounts for 76% of those trading weekly.
Even with the drop in ownership, over half of current crypto holders (53%) plan to increase their holdings in the coming 12 months. When it comes to non-investors, 17% of the people expressed interest in entering the market. Bitcoin continues to dominate investor trust, with 68% of holders owning it, and 86% regarding it as a viable currency, store of value, or long-term investment. Additionally, 77% believe Bitcoin’s value will surpass $100,000 by 2030.
President of Independent Reserve Singapore, Lasanka Perera, reaffirmed Bitcoin’s role as the foundation of the digital asset ecosystem. “Its decentralization, scarcity, and transparency make it a long-term favorite among investors,” he noted. Perera also observed that investors show a clear preference for direct ownership of crypto assets, rather than using financial intermediaries such as ETFs, a method still used by only 39% of respondents.
Investment strategies are also evolving. A growing number of investors (67%) reported taking profits through arbitrage over the past year. 46% of crypto investors hold stablecoins, predominately USD-pegged ones.
Memecoins have also increasingly turned popular, with 28% of investors holding at least one, and Dogecoin remains the most popular memecoin among Singaporeans.
The survey also shed light on the ongoing regulatory environment. While the Monetary Authority of Singapore (MAS) has introduced a stablecoin framework and raised licensing norms for crypto service providers, 58% of respondents still want clearer regulatory guidance. Furthermore, 47% believe market participants need to act more responsibly to improve the industry’s credibility. For more information on how global blockchain trends and regulatory frameworks are shaping the industry, visit the Crypto Expo Dubai 2025, where experts will discuss the future of blockchain innovation.
When it comes to adoption in other countries, cryptocurrency has increasingly become a mainstream retirement alternative for many Americans, with 48% of Americans adding crypto in their retirement savings.
Also Read: Cryptocurrency Trading for Beginners: An Essential Guide
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