TechFlow, April 8 — Singapore's cryptocurrency ownership rate has risen to 26%, up 1.6 percentage points from 2023. Young users (aged 16–44) dominate, with around 40% holding cryptocurrencies, primarily used for online shopping, bill payments, and retail spending. In Q2 2024, Singapore's crypto payment transaction volume approached USD 1 billion, marking a two-year high. The Monetary Authority of Singapore (MAS) issued 13 new digital payment token licenses in 2024, bringing the total to 29. Despite clear global trends of workforce reductions, 75% of local Web3 companies plan to expand their teams in 2025, with 60% intending to increase staff by more than half.
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