Singapore's cryptocurrency economy grew 55.4% to $284 billion in the year through June 2026, reclaiming its position as the largest crypto economy in Central Asia, Southeast Asia, and Oceania. The growth was driven primarily by institutional platforms, which surged 94% to $60 billion, while the broader region's crypto economy contracted 6.8%. Singapore is simultaneously tightening regulations while promoting tokenization and stablecoins through initiatives like the MAS's BLOOM program.
Singapore's crypto economy grew 55.4% to $284 billion in the year ended June 2026, driven largely by institutional platform activity surging 94%, while the broader Central and Southeast Asia and Oceania region contracted 6.8%. Meanwhile, the Philippines, Thailand, and Vietnam saw significant peer-to-peer crypto transfer activity, with stablecoins increasingly used for cross-border transactions and remittances.