Singapore crypto activity grows 55% as broader region contracts
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.
Singapore's cryptocurrency economy surged 55.4% to reach $284 billion in the year ending June 2026, while the broader Central and Southeast Asia and Oceania (CSAO) region saw a 6.8% contraction. The growth in Singapore's institutional platform ecosystem was primarily driven by high-volume activity by existing platforms, rather than new services entering the market.
The Philippine, Thai, and Vietnamese crypto markets showed notable activity in small-value peer-to-peer (P2P) transfers, together amounting to a 14.4% share of global P2P activity. Despite the region-wide decline, Singapore reclaimed its position as the largest crypto economy in the CSAO.
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