Singapore leads in crypto adoption with 28% ownership rate: report

This marks a rise from 26% in 2024, placing the city-state ahead of traditionally strong markets like the UK, US, and Australia.

Singapore has taken the lead in global cryptocurrency adoption, with 28% of its population now owning digital assets, more than any other country surveyed in Gemini’s 2025 State of Crypto Report.

This marks a rise from 26% in 2024, placing the city-state ahead of traditionally strong markets like the UK, US, and Australia.

The surge reflectED a maturing crypto landscape in Singapore, where both speculative and institutional products are gaining traction.

Crypto ETFs, in particular, have gained popularity, with 40% of Singaporean crypto owners investing through these vehicles.

Memecoins are also playing a significant role in driving first-time adoption. Nearly six in ten Singaporean crypto holders now own memecoins, and for almost a quarter of them, these assets were their entry point into the crypto world.

Confidence in crypto is also being shaped by international developments. Nearly one in five non-owners in Singapore say their trust in digital currencies has increased following the United States’ launch of a Strategic Bitcoin Reserve under President Donald Trump.

Moreover, the gender gap in crypto ownership is narrowing. Female participation in Singapore's cryptocurrency market increased from 31% to 34% over the past year, continuing a trend toward greater inclusivity.