A recent study by Independent Reserve, Australia’s premier cryptocurrency exchange, highlights a notable surge in digital asset adoption across Singapore. The 2025 Crypto Index Report underscores XRP’s rising prominence, with ownership climbing from 14% to 17% among residents. This growth aligns with heightened crypto awareness, now at 94%, and a regional shift toward USD-pegged stablecoins like Ripple’s RLUSD, which boasts a $310 million market cap in the APAC region.
Key Insights from the Report:
1. Altcoin Adoption Trends
- Ethereum led gains, rising from 41% to 48% ownership.
- Solana and Dogecoin saw modest increases, while XRP emerged as a standout altcoin.
- Diversification of crypto portfolios reflects Singaporeans’ growing appetite for varied digital assets.
2. Bitcoin Dominance Persists
- Bitcoin remains the most recognized (91%) and widely held cryptocurrency, constituting 68% of total investments.
3. Investment Patterns
- Only 10% of investors allocate over $1,000 monthly to crypto.
- A cautious majority (57%) invest under $500 monthly, with 29% contributing $500–$1,000.
The findings signal Singapore’s evolving crypto landscape, marked by increased education and strategic diversification, positioning XRP and stablecoins as pivotal players in the APAC market.