Singapore sees slower crypto user growth despite high adoption

Both Singapore (28%) and Hong Kong (27%) show high familiarity but slower growth in new users.

Around 28% of adults in Singapore use digital assets, placing the country well above the 16.9% global average and close to the region’s highest-adoption markets, according to a report by Consensus by Coindesk.

The analysis characterised Singapore’s position as a mature, consolidated market: both Singapore (28%) and Hong Kong (27%) show high familiarity but slower growth in new users, a pattern the report interpreted as the stabilisation that follows early mass adoption rather than an ongoing surge.

Singapore also features prominently in one of the world’s most active stablecoin-enabled remittance corridors, with routes such as Singapore–China highlighted for heavy digital-asset usage. This reflects Singapore’s role as a regional financial centre and key hub for cross-border payments.

The report placed these findings within broader Asia–Pacific dynamics, noting that more than 90% of APAC adults are aware of cryptocurrency and over half said they intend to use it within the next year.

These country-level findings sit within wider Asia–Pacific trends: over 90% of adults in the region are aware of cryptocurrency, and more than half intend to use it in the next year.

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