Crypto ownership climbs in Singapore, Gen Z and millennials lead shift: survey
Based on a survey of 1,006 local residents, the study found that 26% owned cryptocurrencies in 2024, up from 24.4% in 2023, The Straits Times reported.
Among crypto holders, 52% have used digital currencies to pay for goods and services, and 67% said they plan to increase such payments in the future.
Gen Z and millennials, those aged 16 to 44, are driving the trend, with about 40% reporting crypto ownership.
Within this group, 41.1% use crypto for online shopping, 35.9% for bill payments, and 27% for in-store purchases.
Among users aged 45 and above, peer-to-peer transfers were the most common use, with 42.9% using crypto to send money to friends or family. Online shopping followed at 35.7%, and bill payments at 17.2%.
The survey also…
