Singapore Crypto Economy Surges 55% to $284 Billion Driven by Institutional Activity

According to a Chainalysis report, Singapore's crypto economy grew by 55.4% year-over-year to $284 billion in the 12 months ending June 2026, reclaiming its position as the largest crypto market in the Central Southern Asia and Oceania (CSAO) region. While the broader CSAO region contracted by 6.8%, Singapore saw a 94% surge in institutional platform activity to $60 billion, primarily driven by market makers, brokers, and OTC desks. Conversely, Thailand, the Philippines, and Vietnam showed significant retail activity, accounting for 14.4% of global small-scale P2P transfers, with over 80% of these transactions valued below $1,000.