SG is 10th most crypto-ready market

The Lion City’s crypto adoption rate is 25%.

Singapore ranked as the 10th most ready market for crypto adoption. 

Data from HedgewithCrypto showed that searches about crypto in Singapore have risen 234% since 2020, making the Lion City the highest interest in crypto amongst markets in the list.

“There are 540 crypto-related searches every month per 100,000 people in Singapore, the highest of any country on this list,” HedgewithCrypto said in a report.

Meanwhile, the report also revealed that Singapore has a crypto adoption rate of 25% but still has no crypto ATMs.

Taking into account these three factors, Singapore received an overall crypto-ready score of 6.02 out of 10.