Crypto Sell-Off in Singapore: A Snapshot

Cryptocurrency ownership in Singapore dropped from 30% in 2022 to 26% in 2024, reflecting a major sell-off due to market volatility and investor losses. A Gemini survey found that 43% of investors sold their crypto holdings last year, with 30% citing financial losses.

However, the sell-off pace is slowing. In the past six months, only 10% sold their assets, and 70% of former holders are considering reentering the market within a year.

Volatility (40%) and security risks (39%) remain key concerns. Despite this, institutional investors are more optimistic—57% plan to boost crypto holdings in 2025. Additionally, 48% of Singaporean crypto investors aim to increase their Bitcoin exposure, influenced by U.S. spot Bitcoin ETFs.