Crypto awareness in Singapore reached a high time, with 94% of respondents in a recent survey that indicates familiar with at least one digital property.
However, the owner refused, falling 29% in 2024 from 40% in 2023, According to In the Fifth Annual Singapore Crypto Market Survey released on May 21.
The survey, conducted in February with 1,500 participants, revealed that men remain more active in crypto investment than women, 35% compared to 24%.
Millennials and Gen X (aged 25-54) lead the investor’s base, consisting of 71% of all holders. Among the traders at least once a week, 76% fall into this age group.
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Half of Singaporean investors are planning to supplement handles
Despite the collapse of the owner, the emotion remains strong. More than half of the current holders (53%) plans to increase their positions over the next 12 months, and 17% of those who do not hold the interest in entering the market.
Bitcoin (Btc) will continue to be an anchor of the crypto market in Singapore. It was held by 68% of crypto investors and viewed 86% as either a currency, store value or investment asset. Notably, 77% believe that bitcoin costs more than $ 100,000 in 2030.
Directly owner remains a preferred method of exposure, with 61% chosen to hold their genitals directly —andar Funds exchanged by exchange (ETF).
Arbitration trading is also rising, with 67% of respondents say they sell part or all their holdings to achieve price swings over the last year.
Meanwhile, 46% of investors are holding stablecoins, especially for trading activities and DEFIs, with 83% of them tied to the US dollar.
Memecoins remain a speculation -that corner of the market, with 28% of respondents holding at least one, with Dogecoin (Doge) being the most popular.
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Singapore becomes a global crypto hub
Singapore has been considering its role as a global hub for the development of blockchain and cryptocurrency, according to a December 2024 report of the Apex protocol.
Singapore’s study said Led the world with 1,600 blockchain patents2,433 jobs associated with crypto, and 81 active cryptocurrency exchanges.
Hong Kong placed the second, with 890 blockchain patents, 1,163 jobs in the sector, and 52 crypto exchanges, reflecting the city’s ongoing push into digital asset space.
In 2024, Singapore doubled the regulation momentum. Singapore’s financial authority released 13 major payment institution licenses In crypto exchanges, the number was given more than twice in 2023.
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