A new survey by financial comparison platform MoneyHero and cryptocurrency exchange Coinbase, released on November 20, 2025, reveals that Singapore's retail crypto market is maturing, with 61% of 'finance-savvy' investors now holding cryptocurrencies. The study, which surveyed 3,513 retail investors and crypto-curious adults, found that trust has surpassed low fees, rewards, and ease of use as the top factor in choosing trading platforms.
58% of respondents identify as long-term holders, while 42% have maintained their investments for over two years. Investors maintain a conservative approach, with crypto allocations under 10% of their portfolios and an average of three tokens held. Despite high ownership among financially literate individuals, 27% of non-holders plan to enter the market within the next 12 months, indicating sustained interest.
Perceptions of digital assets are mixed: 44% view crypto as an asset class, while nearly a third see it as speculative. Social media is the primary learning channel for 62% of respondents, followed by friends and family (55%) and mainstream news (43%). Confidence levels are evenly split, with 48% feeling confident in their crypto understanding and 52% not.
This shift aligns with Singapore's robust regulatory framework under the Monetary Authority of Singapore (MAS). The Payment Services Act requires all digital payment token service providers to be licensed and comply with strict anti-money laundering rules. In 2024, MAS issued 13 new crypto licenses, more than double the previous year, to platforms like OKX, Upbit, and Anchorage. In 2025, MAS enforced compliance by warning Bitget and Bybit to scale down unauthorized overseas services.
Beyond trading, Singapore is advancing in digital asset infrastructure. MAS is piloting tokenized MAS bills settled with a wholesale central bank digital currency (CBDC), and banks like DBS, OCBC, and UOB have completed interbank lending trials using CBDC systems. MAS has also partnered with Vietnam's State Securities Commission to support regulatory development.
Corporate adoption is growing, with department-store chain Metro introducing stablecoin payments via Dtcpay for USDT, USDC, and WUSD. Circle reported that the Asia-Pacific region saw $2.4 trillion in on-chain stablecoin flows between June 2024 and June 2025, positioning Singapore among the top three global stablecoin hubs. Additionally, Coinbase launched Coinbase Business in Singapore, offering tools for instant USDC payments and global transfers, as part of MAS's BLOOM Initiative for cross-border payments.
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