Survey: Singapore residents hold 26% of digital assets, led by younger users

According to a new survey by Singapore-based crypto payments firm Triple-A, the number of people owning cryptocurrencies in Singapore is growing, with younger users leading the way in using cryptocurrencies for everyday financial needs such as online shopping and paying bills.
The number of Singapore residents owning cryptocurrencies is on the rise. By 2024, the proportion of those owning digital assets will reach 26%, up from 24.4% in 2023. Of those who hold cryptocurrencies, the majority (52%) have already used cryptocurrencies to purchase goods and services, with 67% planning to increase their use of cryptocurrencies for payments in the future.
In addition, Generation Z and Millennials (i.e. those between the ages of 16 and 44 as of 2025) lead the way in terms of cryptocurrency holdings, with around 40% of them holding cryptocurrencies. Of this group, 41.1% use cryptocurrencies for online purchases, 35.9% for bill payments, and 27% for in-store retail purchases.