INSUBCONTINENT EXCLUSIVE:
Crypto awareness in Singapore has reached an all-time high, with 94% of respondents in a recent survey indicating familiarity with at least
annual Singapore Crypto Market Survey released on May 21.The survey, conducted in February with 1,500 participants, revealed that men remain
Over half of current holders (53%) plan to increase their positions in the next 12 months, and 17% of non-holders expressed interest in
entering the market.Bitcoin (BTC) continues to be the anchor of the crypto market in Singapore
It is held by 68% of crypto investors and viewed by 86% as either a currency, store of value or investment asset
Notably, 77% say Bitcoin will be worth over $100,000 by 2030.Direct ownership remains the preferred method of exposure, with 61% choosing to
hold their assets directly instead of through exchange-traded funds (ETFs).Arbitrage trading is also on the rise, with 67% of respondents
saying they had sold part or all of their holdings to capitalize on price swings in the past year.Bitcoin is the most recognized crypto in
Singapore, with 91% awareness, followed by Ethereum at 54%, Dogecoin at 41%, Shiba Inu at 23%, and Solana at 22%
Source: Independent ReserveMeanwhile, 46% of investors hold stablecoins, primarily for trading and DeFi activities, with 83% of these tied
to the US dollar.Memecoins remain a speculative corner of the market, with 28% of respondents holding at least one, with Dogecoin (DOGE)
being the most popular.Related: Singapore Exchange to list Bitcoin futures in H2 2025: ReportSingapore becomes a global crypto hubSingapore
has cemented its role as a global hub for blockchain and cryptocurrency development, according to a December 2024 report by ApeX
Protocol.The study said Singapore leads the world with 1,600 blockchain patents, 2,433 crypto-related jobs, and 81 active cryptocurrency
continued push in the digital asset space.In 2024, Singapore doubled down on its regulatory momentum
The Monetary Authority of Singapore issued 13 major payment institution licenses to crypto exchanges, more than twice the number granted in
2023.Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story
