Singapore Crypto Market Surges 55% Amid Regional Slump
Singapore's cryptocurrency market saw significant growth in the year ended June 2026, outperforming the broader region. According to Chainalysis, total crypto economic activity rose 55.4% to $284 billion, regaining Singapore's position as the largest crypto economy in Central and Southeast Asia and Oceania (CSAO).
Chainalysis reports that institutional platform volumes surged 94% to $60 billion, with most of the growth concentrated among existing market makers, over-the-counter trading firms, and institutional brokers. This indicates that Singapore's momentum is tied more closely to established liquidity and service providers than to broad retail expansion.
The Monetary Authority of Singapore (MAS) has been actively adjusting rules for crypto businesses, tightening oversight while continuing to create room for specific innovation areas including tokenization, stablecoins, and digital-asset settlement. MAS' initiatives aim to bring these innovations into regulated frameworks, supporting trials using regulated stablecoins and tokenized bank money.
In addition to institutional growth, Chainalysis also identified small-value peer-to-peer (P2P) activity in the Philippines, Thailand, and Vietnam. The three countries recorded a combined 5.4 million P2P transfers worth less than $10,000 during the reporting period, with more than four in five domestic P2P transfers across the markets being below $1,000.