Crypto awareness in Singapore hits record 94%, but ownership falls
Crypto awareness in Singapore has reached 94%, but ownership has declined to 29% in 2024 from 40% in 2023. The survey shows men are more active investors (35%) than women (24%), with millennials and Gen X (ages 25–54) making up 71% of holders. Despite ownership decline, 53% of current holders plan to increase their investments, and 17% of non-holders are interested in entering the market. Bitcoin is held by 68% of investors, with 86% viewing it as a currency or investment. Direct ownership is preferred by 61%, and 67% engaged in arbitrage trading. Stablecoins are held by 46%, primarily for trading, with 83% linked to the US dollar. Memecoins are held by 28%, with Dogecoin being the most popular. Singapore has become a global crypto hub, leading with 1,600 blockchain patents and issuing 13 major payment institution licenses to crypto exchanges in 2024.
