Singapore crypto activity grows 55% as broader region contracts
60-second summary
Singapore’s crypto economy expands 55.4% to $284 billion, driven by a 94% surge in institutional‑platform activity, while regional peers contract; the Philippines, Thailand and Vietnam register modest P2P transfers. This growth highlights Singapore’s emergence as a hub for large‑scale crypto finance, prompting investors to favor its regulated market over neighboring economies.
Singapore’s crypto economy grew 55.4% to $284 billion as institutional-platform activity surged 94%, while the Philippines, Thailand and Vietnam stood out for small-value P2P transfers.