In 2024, more and more Singaporeans left the crypto market, with 11% and 50% of owners selling assets.
Many crypto investors in Singapore are increasing their profits and recalibrating their portfolios rather than jumping into recent market gatherings, according to the 2025 independent reserve cryptocurrency index.
The survey found that 49% of Singapore’s crypto investors sold some or all of their holdings over the past year, with 67% making profits. Lasanka Perera, CEO of Independent Singapore, said this year’s IRCI data indicates a “re-calibration” rather than a retreat from Crypto.
Crypto ownership declined from 40% in 2024 to 29% despite increased recognition and prices. Still, Bitcoin (BTC) and Ethereum (ETH) remain the most held assets at 68% and 48% respectively. Investors look more selective, with 65% holding only 2-5 cryptocurrencies.
“Singaporeans have a more thoughtful and disciplined approach to investing in crypto. They are making smart plays and knowing that being in the right asset class is important. It’s exciting to see the markets become more informed and mature when it comes to digital assets.”
Rasankapush
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One in five Singaporeans invest in crypto, but the data shows, compared to almost half of inventory or fixed deposits. This change comes amidst global uncertainty and growing preferences for safer options. From 42% last year, 49% are supporting cash or fixed deposits, saving more money on savings.
Trust among existing crypto holders remains strong. More than half – about 53% – said they are likely to buy more within the next 12 months. At the same time, research shows that trust still relies on stronger rules and company actions, but public awareness reached 94%.
In early April, a survey by Crypto payments company Triple-A found that more than half of Singaporean owners used digital assets to pay. Of these holders, approximately 52% said they used crypto to pay for their goods and services, while 67% said they would use it more frequently in the future.
read more: Singapore needs to treat crypto as an infrastructure, not just risk: Coinbase