Cryptocurrency ownership in Singapore has decreased

The percentage of residents owning crypto fell from 40% in 2024 to 29% in 2025, primarily due to profit-taking and portfolio rebalancing.

The percentage of Singapore residents who own cryptocurrency dropped from 40% in 2024 to 29% in 2025, according to the latest Independent Reserve Cryptocurrency Index (IRCI). A majority (67%) of those who sold did so to take profit on earlier positions, the report said.

Among those who still hold crypto, Bitcoin (BTC) and Ethereum (ETH) were the most preferred, with 68% and 48% ownership respectively. Meanwhile, the study findings show that while a large majority (79%) of crypto investors have diversified their portfolios, 65% of respondents indicated they have only invested in two to five types of crypto assets.

This restriction to not more than five crypto assets is said to be a factor that limits the desire to hold digital assets with long-term growth prospects.

“What we’re seeing from this year’s IRCI data is not a retreat from crypto, but a recalibration,” said Lasanka Perera, CEO of Independent Reserve Singapore.

“Seasoned investors in Singapore have weathered a few market cycles and are now choosing to concentrate on a handful of strong, well-established cryptocurrencies they have conviction in.”

He argued that the findings demonstrate that Singapore residents have adopted a more measured approach to cryptocurrency investing.

Despite a decline in the number of actual crypto-owning residents, Singapore scored an all-time high in public awareness, with 94% of respondents confirming their familiarity with at least one crypto asset.

While 17% of Singaporeans expressed a desire to buy crypto within the next 12 months, known crypto investors were more bullish, with 53% saying they are likely or very likely to buy more. Some 77% of crypto investors also believe that BTC will remain above $100,000 by 2030.

With respect to stablecoins, the study found that 68% of crypto investors had used them “as an intermediary to buy and sell other crypto for crypto trading.”

Reflecting on the important role played by stablecoins in the Singapore digital asset market, Fiona Murray, APAC Managing Director at Ripple, said the study findings clearly show that they “are becoming essential infrastructure across APAC (and the globe) for the adoption of crypto as a whole.”