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Cryptocurrency News Articles
Singapore's crypto crowd is shifting its focus beyond Bitcoin. Interest in XRP has climbed as more traders add the token to their portfolios.
May 25, 2025 at 08:30 am
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The crypto crowd in Singapore is shifting its focus beyond Bitcoin, with interest in XRP increasing as more traders add the token to their portfolios. The change comes even as Bitcoin remains the top holding and crypto awareness reaches new highs.
According to the 2025 Independent Reserve Crypto Index for Singapore, 94% of locals are familiar with at least one cryptocurrency, a significant increase from previous years. Bitcoin still leads the pack, with 91% recognizing it by name and 68% of the average investor’s crypto stash allocated to the flagship token.
However, the fact that almost everyone can name a digital coin indicates a maturing trading scene in the Southeast Asian nation.
Cryptocurrency Awareness in Singapore Reaches Record Levels - Report
Singaporean Investors are increasing their XRP holdings.
According to the 2025 Independent Reserve Crypto Index for Singapore, 94% of locals are familiar with at least one cryptocurrency. That’s a big jump from previous years. Bitcoin still leads the pack—91% know it by name. And it makes up 68% of the average investor’s crypto stash. Yet the fact that almost everyone can name a digital coin shows that Singapore’s trading scene is maturing.
Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockessingleton
XRP Ownership On The Rise
Based on reports from Milieu Insight Market Research, XRP saw one of the strongest gains among altcoins. It now represents 17% of crypto holdings in Singapore, up from 14% last year.
Ethereum grew even more, climbing from 41% to 48%. Solana ticked up from 17% to 19%, while Dogecoin rose only 1 point, from 18% to 19%. Still, XRP’s 3-point boost hints at growing trust in its payment-focused design.
Monthly Investments Varied Widely
Investors in Singapore are not all spending the same amount each month. About 57% put in less than $500. Another 29% contribute between $500 and $1,000. Only 10% dedicate more than $1,000 each month to steadier “dollar-cost averaging.” Those figures suggest that most people treat crypto as a side play rather than a full-time career.
Stablecoin Trends And RLUSD
Stablecoins are also part of the mix. Roughly 46% of respondents said they own—or once owned—these U.S.-pegged assets. Of that group, 21% hold them now, and 25% have moved on. Eighty-three percent prefer USD-pegged coins.
In that context, Ripple’s new RLUSD has reached a $310 million market cap in just a few months. Ripple’s APAC managing director, Fiona Murray, said the coin is not just for trading but also for cross-border payments and DeFi work.
Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K
Singapore’s data trends align with broader regional shifts. Latin American buyers favored XRP over Ethereum and Solana in 2024, according to a Bitso report.
As XRP adoption grows both regionally and in APAC, its role could shift from an afterthought to a core part of retail and institutional strategies. For now, Bitcoin’s dominance remains significant, but altcoin allocations are increasing, with XRP leading the charge in this evolving investment landscape.
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