Singaporeans Reassess Crypto Investments in 2024
In 2024, Singapore saw a decline in crypto ownership, with a 11% drop in holdings.Half of the investors sold thier assets, according to the 2025 independent Reserve Cryptocurrency index.
Manny Singaporean crypto enthusiasts are cashing out profits and adjusting their portfolios. the survey revealed that 49% of investors sold part or all of their crypto in the past year, with 67% making a profit. Lasanka Perera, CEO of Independent Reserve Singapore, noted this as a “recalibration” rather than a retreat.
Despite the drop, Bitcoin and Ethereum remain popular, held by 68% and 48% of investors, respectively. most people now hold two to five cryptocurrencies, showing a more selective approach.
Perera explained, “Singaporeans are becoming more disciplined in their crypto investments. They understand the importance of choosing the right assets.”
Currently, 29% of Singaporeans invest in crypto, compared to nearly half in stocks or fixed deposits. This shift reflects global uncertainty and a preference for safer options. However, confidence among existing crypto holders remains strong, with 53% planning to buy more in the next year.
Public awareness of crypto reached 94%, but trust depends on better regulations and company conduct. A Triple-A survey found that over half of Singapore crypto holders use digital assets for payments, with 67% planning to use it more frequently enough.
