Singapore crypto activity grows 55% as broader region contracts

Singapore's divergence from a contracting region points to a market increasingly shaped by institutional infrastructure rather than retail flows, with the surge concentrated in platform activity rather than on-chain usage. That split matters for how the city-state is positioned relative to neighbours, where small-value P2P transfers remain the dominant use case. Whether Singapore's institutional-led growth holds up as regional activity stays weak is the open question, along with whether that model spreads or stays a local exception.