Cryptocurrency Adoption Rate in Singapore 2024

43.41% of respondents in Singapore have owned or used cryptocurrency, showing that nearly half of the population has at least engaged with digital currencies. Cryptocurrency is making notable inroads in the country, which can be attributed to Singapore's reputation as a financial hub, its tech-savvy population, and the increasing acceptance of digital assets. The adoption rate is fairly strong, positioning Singapore as one of the more progressive countries in terms of cryptocurrency awareness and usage in the Southeast Asia region.

However, the fact that 44.3% of respondents have never used or owned cryptocurrency indicates that while adoption is growing, it is still not universal. This may reflect concerns over volatility, security risks, or simply a lack of interest in digital currencies from a large portion of the population.

For a broader perspective, check out other statistics on Singapore’s preferred crypto storage method, cryptocurrency adoption in Singapore, cryptocurrency awareness in Singapore.