Singapore crypto activity grows 55% as broader region contracts
Singapore’s crypto economy grew 55.4% to $284 billion as institutional-platform activity surged 94%, while the Philippines, Thailand and Vietnam stood out for small-value P2P transfers.
Singapore’s crypto activity rose 55.4% to $284 billion in the year ended June 2026, bucking a regional contraction and regaining its position as the largest crypto economy in Central and Southeast Asia and Oceania (CSAO), according to Chainalysis.
Much of the growth came from institutional platform activity, which increased 94% to $60 billion, concentrated among a small number of market makers, over-the-counter trading firms, and institutional brokerages. Chainalysis said the broader CSAO crypto economy contracted 6.8% over the same period.
“The growth in Singapore’s institutional platform ecosystem was very concentrated and marked by mostly high-volume activity by existing platforms rather than the dynamic entry of new services,” Chainalysis told Cointelegraph.