Singapore Crypto Awareness Hits High Despite Ownership Dip

CN
14 hours ago

Cryptocurrency ownership in Singapore has trended downward, with nearly half of crypto users offloading their holdings, according to the latest Independent Reserve Cryptocurrency Index (IRCI). A majority (67%) of those who sold did so to capitalize on earlier positions and secure gains, the IRCI report said.

As a result of strategic profit-taking and portfolio rebalancing, the proportion of Singapore residents owning crypto dropped from 40% in 2024 to 29% in 2025. Among those still holding crypto, Bitcoin ( BTC) and Ethereum ( ETH) were the most preferred, with 68% and 48% ownership respectively.

Meanwhile, the study findings show that while a large majority (79%) of crypto investors have diversified their portfolios, 65% of respondents indicated they have only invested in two to five types of crypto assets. This restriction to not more than five crypto assets is said to point to investors’ desire to hold digital assets with long-term growth prospects.

“What we’re seeing from this year’s IRCI data is not a retreat from crypto, but a recalibration,” said Lasanka Perera, CEO of Independent Reserve Singapore. “Seasoned investors in Singapore have weathered a few market cycles and are now choosing to concentrate on a handful of strong, well-established cryptocurrencies they have conviction in.”

He argued that the findings prove Singapore residents have adopted a more measured approach to cryptocurrency investing.

Despite a decline in the number of actual crypto-owning residents, Singapore scored an all-time high in public awareness, with 94% of respondents confirming their familiarity with at least one crypto asset.

While 17% of Singaporeans expressed a desire to buy crypto within the next 12 months, known crypto investors were more bullish, with 53% saying they are likely or very likely to buy more. Some 77% of crypto investors also believe BTC will remain above $100,000 by 2030.

With respect to stablecoins, the study found 68% of crypto investors had used them “as an intermediary to buy and sell other crypto for crypto trading.”

Reflecting on the important role played by stablecoins in the Singapore digital asset market, Fiona Murray, APAC Managing Director at Ripple, said the study findings clearly show that they “are becoming essential infrastructure across APAC (and the globe) for the adoption of crypto as a whole.”

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

HTX:注册并领取8400元新人礼
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink