Crypto Market Movers

Story: Singapore Has 94% Crypto Awareness But Only 29% Ownership, Survey Finds

By Dan Saada

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Why Are Fewer Singaporeans Owning Crypto?. According to the report, the decline in crypto adoption is a result of shifting economic tides.

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Focus Shifting to Quality Over Quantity. Another noticeable trend is that crypto investors are becoming more selective.

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Younger Generations Still Lead the Way. Despite the overall decline in ownership, younger Singaporeans remain the driving force behind…

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Bitcoin Still Commands Trust. The survey results show that Bitcoin remains the most trusted and widely held digital asset in…

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Alternative Crypto Assets Gain Attention. Additionally, the survey revealed that 28% of crypto investors hold smaller, high-risk digital…

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What This Means for Singapore's Crypto Future. The combination of high awareness and relatively low adoption creates a paradox in Singapore's…

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In 2025, cryptocurrency has become a household term in Singapore, with 94% of residents reporting they have heard of it.

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The research, which polled 1,500 residents in February 2025, paints a picture of a nation that's informed about crypto but cautious when it comes to investing in it.

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According to the report, the decline in crypto adoption is a result of shifting economic tides. In 2024, more Singaporeans were experimenting with crypto assets.

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The number of respondents who now prefer to keep their money in fixed deposits or regular savings accounts has grown from 42% in 2024 to 49% in 2025.

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“Investors are managing risk more carefully,” the report noted, explaining that people are moving away from speculative crypto plays toward more reliable investments.

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Another noticeable trend is that crypto investors are becoming more selective. Instead of holding large portfolios filled with multiple cryptocurrencies, they are choosing fewer,…

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Wong attributed this change in behavior to hard lessons learned during previous market downturns. “Speculative assets are no longer attractive,” he said.

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This demographic shift was echoed in a recent Straits Times article, which observed a growing appetite for digital assets among youth, particularly those more comfortable…

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Businesses and financial institutions are also adapting, though challenges like usability, security, and merchant adoption continue to hinder broader integration.

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