Singapore Crypto Economy Surges 55% Amid Regional Contraction

Singapore's crypto economy has bucked regional contraction, growing 55.4% to $284 billion in the year ended June 2026, according to Chainalysis.

This growth is largely attributed to institutional platform activity, which increased by a staggering 94% to $60 billion, concentrated among market makers, over-the-counter trading firms, and institutional brokerages.

The findings come as Singapore has been working to tighten crypto regulation while supporting tokenization, stablecoins, and digital-asset settlement. The Monetary Authority of Singapore (MAS) has implemented initiatives such as the BLOOM program, which supports trials using regulated stablecoins and tokenized bank money.

In contrast, peer-to-peer activity in the Philippines, Thailand, and Vietnam is growing, with a combined 5.4 million P2P transfers worth less than $10,000 during the reporting period. Cross-border stablecoin use is on the rise, exceeding domestic activity in every market analyzed by Chainalysis.