Singapore’s crypto economy grew 55.4% to $284 billion in the 12 months through June 2026, reclaiming its position as the largest crypto economy in Central & Southern Asia and Oceania, according to Chainalysis data cited by Cointelegraph. The report also showed that activity on institutional platforms in Singapore rose 94% to $60 billion, with flows concentrated among a small number of market makers, over-the-counter trading firms, and institutional brokers. Over the same period, the broader region’s crypto economy contracted 6.8%. Chainalysis also found that the Philippines, Thailand, and Vietnam recorded a combined 5.4 million peer-to-peer transfers below $10,000, accounting for 14.4% of the global total. In all three countries, cross-border stablecoin activity exceeded domestic activity, and regional cross-border volume was 3.2 times larger than domestic volume.
Singapore’s crypto economy expanded 55.4% to $284 billion in the 12 months through June 2026, reclaiming its place as the largest crypto economy in Central & Southern Asia and Oceania, according to Chainalysis data cited by Cointelegraph.
During the same period, activity on institutional platforms in Singapore climbed 94% to $60 billion. Chainalysis said that volume was mainly concentrated among a small number of market makers, over-the-counter trading firms, and institutional brokers.
The data also showed that the region’s overall crypto economy fell 6.8% over the same period.
Separately, the Philippines, Thailand, and Vietnam recorded a combined 5.4 million peer-to-peer transfers worth less than $10,000, representing 14.4% of the global total. In all three markets, cross-border stablecoin activity was higher than domestic activity, with regional cross-border volume reaching 3.2 times domestic volume.
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