May 23, 2025
By Anjali Kochhar
In 2025, Singapore witnessed a decline in cryptocurrency ownership, with 26% of residents aged 18 to 75 reporting ownership of digital assets, down from 30% in 2022, according to a global study by Gemini. This trend contrasts with stable ownership rates in countries like the United States, United Kingdom, and France.
The decrease in crypto ownership in Singapore is attributed to heightened market volatility and economic uncertainties. Notably, 30% of former crypto investors cited losses as their primary reason for exiting the market. However, the pace of sell-offs has slowed, with only 10% of respondents selling their cryptocurrencies in the past six months, compared to 49% over a year ago. This suggests a growing segment of investors adopting a long-term perspective on digital assets.
Despite the decline in ownership, optimism remains among Singaporean investors. Approximately 70% of past crypto owners expressed interest in re-entering the market within the next year. Bitcoin continues to be the most held digital asset, followed by Ethereum, indicating sustained confidence in established cryptocurrencies.
Demographically, millennials, particularly those aged 26 to 35, represent the largest group of crypto holders in Singapore.However, a gender disparity persists, with only 34% of women reporting ownership of digital assets. This highlights the need for increased financial education and inclusion efforts targeting underrepresented groups.
Regulatory uncertainty remains a significant barrier to crypto investment in Singapore. In 2024, 49% of respondents identified regulatory concerns as a deterrent, up from previous years. Nevertheless, the Monetary Authority of Singapore (MAS) has been working towards providing clearer guidelines to foster a more secure and transparent crypto environment.
While Singapore’s crypto adoption has experienced a downturn, the underlying interest and belief in the potential of digital assets persist.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
