ChainCatcher report, according to Chainalysis data, over the past year ending June 2026, Singapore’s cryptocurrency economic activity increased by 55.4% year-over-year, reaching $284 billion, reclaiming its position as the largest crypto economy in Central Asia, Southeast Asia, and Oceania amid regional contraction. The growth was primarily driven by institutional platforms, whose activity surged 94% to $60 billion and was concentrated among a small number of market makers, over-the-counter firms, and institutional brokers. During the same period, the total crypto economic activity in the region declined by 6.8%. Chainalysis noted that Singapore’s institutional ecosystem growth was highly concentrated, reflected in large-volume trades on existing platforms rather than the entry of numerous new services. Meanwhile, Singapore is tightening crypto regulation while advancing tokenization, stablecoins, and digital asset settlement. In 2025, Singapore’s Monetary Authority of Singapore (MAS) required local crypto firms serving overseas clients to obtain a license or exit the market; StraitsX CEO Tianwei Liu believes this move has curbed speculative activity and increased the adoption of blockchain by banks and large enterprises in production. MAS is also piloting compliant stablecoins and tokenized bank deposits through the BLOOM initiative, with Ripple joining on March 25 to test cross-border trade settlement using RLUSD. The Philippines, Thailand, and Vietnam, by contrast, are known for small-value P2P transfers. Chainalysis data shows that these three countries combined recorded 5.4 million peer-to-peer transactions under $10,000 each, accounting for 14.4% of global P2P transactions of this type, yet they represent only 2.5% of global crypto economic activity.
Singapore's crypto economy grows 55.4% to $284 billion in 2026
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Summary
Singapore’s crypto market update shows the economy grew 55.4% year-over-year to $284 billion in the 12 months ending June 2026, according to Chainalysis. Institutional adoption drove the growth, with activity rising 94% to $60 billion. The regional crypto economy declined 6.8% during the same period. In 2025, Singapore tightened regulations, requiring firms serving overseas clients to obtain licenses or exit the market. MAS also launched the BLOOM program, with Ripple testing RLUSD for cross-border trade.
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