Traditional Banks Could Unlock Singapore’s Untapped Crypto Demand, Study Shows
Singapore’s cryptocurrency adoption lags behind regional financial centers despite strong investor interest, with traditional banks positioned to bridge the trust gap preventing broader digital asset participation, according to new research from financial technology provider Avaloq.
The study found that 26% of Singaporean investors currently hold crypto assets, trailing the UAE (39%), Switzerland (37%), and Hong Kong (30%). Only 17% of Singapore investors access cryptocurrency through their traditional financial services provider, highlighting a significant opportunity for established institutions.
Singapore’s position as a regional financial hub makes its crypto adoption patterns particularly significant for broader Asian market…
