- Singaporeans understand crypto well, but many are waiting before putting money in it.
- Bitcoin remains the top digital coin as most people trust it will rise in the future.
- Investors now plan monthly spending and aim for safer picks instead of fast profits.
A new market survey reveals that cryptocurrency awareness in Singapore has hit an all-time high of 94%, while ownership has declined sharply from 40% in 2024 to just 29% in 2025. Conducted by Independent Reserve, the survey gathered responses from 1,500 residents in February to assess their understanding, acceptance, and confidence in digital assets.
Ownership Declines, But Investment Interest Persists
Despite the decline in actual crypto holders, investor interest remains strong. According to the survey, 53% of current owners plan to grow their crypto accounts in the next year. In addition, 17% of non-owners also expressed intent to begin investing in cryptocurrency.
Independent Reserve CEO Lasanka Perera commented, “What we’re seeing from this year’s IRCI data is not a retreat from crypto, but a recalibration.” He added that many Singaporean investors have endured several market cycles and are now concentrating on trusted, established cryptocurrencies.
Currently, 71% of crypto investors are Millennials and Generation X, which is a rise from the 61% we saw in 2024. In addition, 76% said they made trades every week. Out of all the investors, men make up around 35% of those holding digital currencies, compared to just 24% of women.
Bitcoin and Stablecoins Lead Among Crypto Holders
Bitcoin remains the top choice for crypto investors in Singapore, with 68% holding the asset. It is seen mainly as a form of money, a store of value, or an investment asset by the majority of Singaporean investors.
About 46% of crypto investors own stablecoins, mainly to participate in trading and decentralized finance. Of these digital currencies, 83% choose assets backed by the U.S. dollar. Among all investors, 28% hold at least one kind of memecoin, with Dogecoin standing at the top. Meanwhile, more people are deciding to put the same amount into an investment each month. Two-thirds of these investors spend less than 500 yuan monthly, showing a move toward disciplined investing.
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Regulatory Uncertainty Shapes Investment Behavior
Despite increased awareness, regulatory clarity remains a concern. Nearly half of the survey participants pointed to unclear regulations as a key reason for not investing. The Independent Reserve Cryptocurrency Index (IRCI) score dropped from 56 in 2024 to 43 in 2025. This decline reflects reduced overall confidence, even as public knowledge about crypto remains high.
As a result, Singaporeans are using careful strategies to manage their risks. Following their growth, more investors now focus on the future value and stability of digital assets, instead of chasing quick profits.
