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Finder Cryptocurrency Adoption Index

The definitive ranking of the most popular cryptocurrencies across 26 countries.

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Richard Laycock
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Finder’s Cryptocurrency Adoption Index measures the growth of cryptocurrencies worldwide through an ongoing survey of Internet users in 26 countries.

Key Singapore crypto adoption trends for July 2022

Crypto ownership

1m Sinaporeans own crypto.

Gender split

Sinaporean men are 2.4x more likely than women to own crypto.

Male 71%
Female 29%

Most owned crypto

34% of owners have â‚¿itcoin.

Cryptocurrency adoption statistics in Singapore

Finder surveyed 9,154 Internet users in Singapore for the July 2022 report and found it ranks 5th out of 26 countries studied. The crypto ownership rate in Singapore is 20%, which is higher than the global average of 15%. India leads the way at 29% with Germany at the other end of the spectrum at 6%.

As it stands, roughly 7% of those surveyed say they own Bitcoin (BTC), with 5% also saying they own Ethereum (ETH) or Dogecoin (DOGE).

Popular cryptocurrencies in the Singapore

Bitcoin (BTC) is the most popular cryptocurrency with crypto owners in Singapore, followed by Ethereum (ETH) and Dogecoin (DOGE).

Bitcoin adoption in Singapore

In July 2022, roughly 34% of crypto owners in Singapore said they own Bitcoin. This is below the global average which sits at 37%.

Ghana sits atop the table, with 53% of crypto owners holding BTC. At the other end is Mexico, where roughly 1 in 5 (21%) of crypto owners say they own Bitcoin.

Ethereum’s popularity with crypto owners in Singapore

Ethereum is Singapore’s second choice for crypto, with 26% of crypto owners saying they hold ETH — above the global average (23%). Australian crypto owners are most likely to have ETH in their wallets (40%), with Venezuelans having the lowest ownership (13%).

Dogecoin’s popularity in Singapore

Ownership of Dogecoin in Singapore is above the global average ownership rate of 23%, with 24% of crypto owners saying they own the memecoin. Indonesia leads the way for DOGE at 27%, whereas just 9% of crypto owners in Venezuela said they held the coin.

Cardano adoption in Singapore

Ownership of Cardano (ADA) sits at 21% following the June 2022 report, which is above the global average of 18%. Cardano is most popular with Irish crypto owners (24%), whereas just 8% of Venezuelan crypto owners say they hold ADA.

Men in Singapore more likely than women to own crypto

Of those in Singapore who own crypto, 71% are men and 29% are women.

Globally there is a wide gap in adoption of crypto between men and women. Of those who own crypto, an average of 36% are women and 64% are men. The US has the widest gap, whereas Vietnam is the closest between the sexes — 56% of men, compared to 44% of women.

Age trends for crypto ownership in Singapore

Crypto ownership is dominated in Singapore by those aged 18-34, with 57% of crypto owners being younger Singaporeans. Those aged 55+ are the group least likely to own crypto, making up just 18% of crypto owners.

Methodology

Finder regularly survey individuals across 26 countries to analyze cryptocurrency adoption rates, investment diversification and the demographics of investors, which has so far garnered 312,604 responses. Beginning in April 2022, Finder has switched its method to a three-month rolling average. The July 2022 report will be the first to present data using the three-month rolling average, which is made up of 163,026 responses.

The survey is designed by Finder and conducted by Google in all territories except for the first run in Australia, where the survey is conducted by Qualtrics/SAP.

Participants are Internet, smartphone and Google AdMob users or Qualtrics research panel participants. Sample sizes range from 1,000 to 2,500 people and are directly proportional to population size. Participating countries are selected based on global Finder site traffic and availability on research platforms.

Survey results are analyzed using Google's Data Studio, which provides weighted averages for the top-level responses, along with breakdowns for sex and age.

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