Singaporeans Know Crypto — But Fewer Are Holding It
A new report reveals that crypto awareness in Singapore has reached a record 94%, highlighting the country’s position as one of the world’s most crypto-literate markets. However, despite this rise in familiarity, actual ownership of cryptocurrencies has dropped, pointing to a more cautious public amid ongoing market volatility.
“Nearly every adult in Singapore now knows what cryptocurrency is — but fewer are actively investing,” the report said.
Ownership Rate Drops to 34% Despite High Awareness
According to the 2025 Independent Crypto Sentiment Survey, only 34% of Singaporeans currently own crypto, down from 43% in the previous year. This decline reflects a trend seen across several markets where education and exposure to crypto have improved, but concerns over regulation, fraud, and price swings have limited active participation.
“People are more educated, but also more cautious — especially after last year’s global exchange scandals and hacks,” said one industry analyst.
Bitcoin and Ethereum Still Dominate Holdings
Among those who continue to hold crypto, Bitcoin (BTC) and Ethereum (ETH) remain the most popular assets. Around 76% of owners hold BTC, while 64% own ETH. Altcoins like Solana and XRP have also seen a slight uptick, but the dominance of the top two cryptocurrencies is still evident.
“Investors are sticking to the assets they trust most,” the survey noted.
Younger Singaporeans Show Higher Interest
The data also shows a clear generational divide: 57% of crypto owners in Singapore are under the age of 35, with Gen Z and millennials continuing to drive most of the activity. In contrast, those aged 45 and above are more likely to express skepticism or concern about the risks associated with digital assets.
“Crypto remains a youth-driven movement in Singapore,” said fintech researcher Sarah Lim.
Regulatory Clarity Could Shift Sentiment
Experts suggest that regulatory clarity could play a key role in reviving crypto ownership rates. The Monetary Authority of Singapore (MAS) has recently introduced clearer frameworks for digital asset exchanges and custody services, which could boost investor confidence moving forward.
“People want to invest — they just want safer and better-regulated options,” said a crypto compliance consultant.
Awareness High, But Action Wary
While crypto awareness is at an all-time high in Singapore, the actual ownership trends reflect a more mature, risk-aware investor mindset. The challenge ahead lies in bridging this awareness with confidence, especially as regulatory improvements and global market stability begin to reshape the crypto narrative.