Singapore Crypto Economy Surges 50% in H1 2026 Led by Institutional Activity

Singapore's crypto economy saw significant growth in the first half of 2026, rising by over 50% to $284 billion. According to blockchain analytics firm Chainalysis, this makes Singapore the largest measured crypto market in Central and Southeast Asia and Oceania, despite a broader regional contraction.

The growth was led by institutional platforms, where activity rose 94% to $60 billion. Market makers, over-the-counter trading firms, and institutional brokerages drove this increase in activity.

Singapore's figures show a different pattern of crypto adoption compared to other countries in the region. While peer-to-peer transfers were common in the Philippines, Thailand, and Vietnam, Singapore's growth was driven by institutional trading, market infrastructure, and cross-border financial applications.