Singapore crypto activity rises 55% despite regional decline

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Singapore’s crypto activity increased 55.4% to $284 billion in the year to June 2026, making it the largest crypto economy in Central and Southeast Asia and Oceania (CSAO), according to Chainalysis.

Institutional platform activity rose 94% to $60 billion, driven mainly by existing market makers, over-the-counter trading firms and institutional brokerages. The wider CSAO region saw crypto activity fall 6.8% over the same period.

Chainalysis said Singapore’s growth was concentrated among a small number of established platforms, rather than being driven by the entry of new services.

The figures come as Singapore tightens its crypto rules while promoting tokenisation, stablecoins and digital-asset settlement. In 2025, the Monetary Authority of Singapore required local crypto firms serving overseas customers to obtain a licence or leave the market.