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Singapore Crypto Ownership Declines Despite Record Awareness
Singapore Crypto Ownership Declines Despite Record Awareness
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Crypto ownership among Singapore residents has sharply declined from 40% in 2023 to 29% in 2024, according to the Independent Reserve cryptocurrency Index (IRCI) survey. This 11% drop comes despite public awareness reaching an all-time high of 94%.
Nearly half of crypto investors in Singapore sold part or all of their holdings last year, with 67% realizing profits. The trend suggests a maturing market where investors are capitalizing on rallies to lock in gains rather than hold indefinitely.
The survey polled 1,500 residents, revealing a strategic shift in behavior. Profit-taking appears prioritized over accumulation, reflecting a more measured approach to digital assets in one of Asia’s most crypto-savvy markets.
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