Crypto ownership falls sharply in Singapore as half of holders sell in 2024, data shows

Description

A growing number of Singaporeans exited the crypto market in 2024, with ownership falling 11% and 50% of holders selling their assets. Many crypto investors in Singapore are locking in gains and rebalancing their portfolios instead of jumping into the recent market rally, according to the 2025 Independent Reserve Cryptocurrency Index. The survey found that 49% of Singaporean crypto investors had sold part or all of their holdings in the past year, and of those, 67% had made a profit. Lasanka Per...