Leading cryptocurrency use cases Singapore 2023

Published by Lucas Romero, Mar 13, 2024
In a survey conducted on cryptocurrency in Singapore in 2023, 55 percent of crypto users indicated that they staked crypto through a centralized service or exchange. Staking is when users lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking, they earn more cryptocurrency.

Leading cryptocurrency use cases in Singapore as of November 2023

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Release date

December 2023

Region

Singapore

Survey time period

October 23 to November 15, 2023

Number of respondents

1,319 respondents

Age group

18 years and older

Special properties

among crypto users

Supplementary notes

Original question: "In the past 12 months, which of the following ways have you used crypto?"

A crypto user is defined as a respondent who have bought, sold, or held cryptocurrency in the last 24 months.

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Overview

4

Companies and funding

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Adoption and ownership

5

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User behavior

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Topics

Cryptocurrency in SingaporeInternet usage in SingaporeFintech in SingaporeBanking industry in SingaporeStartups and venture capital in Singapore
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