CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-15 13:34:43

Singapore Leads Asia’s Crypto Boom Amid Bitcoin Surge

The post Singapore Leads Asia’s Crypto Boom Amid Bitcoin Surge appeared first on Coinpedia Fintech News Bitcoin’s surge past $100,000 is boosting Singapore’s crypto ambitions. Known for its crypto-friendly policies, the country leads Asia in digital asset adoption, with firms like Coinbase and Ripple licensed to operate. Despite setbacks from Terra and FTX collapses, Singapore’s infrastructure and investor interest remain strong. Around 40% of Singaporeans hold crypto, fueled by global ETF approvals. However, the Monetary Authority of Singapore stays cautious, restricting retail access to spot ETFs. As optimism grows, 2025 could solidify Singapore’s crypto dominance, especially with potential U.S. policy shifts under Donald Trump’s pro-Bitcoin stance.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.