Singaporean Crypto Investors Increase XRP Holdings to 17% of Portfolios

Singapore's cryptocurrency market is evolving, with increased interest in XRP as traders diversify their portfolios beyond Bitcoin. While Bitcoin remains the dominant asset, making up 68% of investors' holdings, awareness of cryptocurrencies has reached a new high, with 94% of Singaporeans familiar with at least one digital coin.

Key Insights

91% of locals recognize Bitcoin.
XRP now accounts for 17% of crypto holdings, up from 14% last year.
Ethereum holdings rose from 41% to 48%.
Solana increased from 17% to 19%, while Dogecoin grew from 18% to 19%.
57% of investors contribute less than $500 monthly, indicating a casual approach to crypto investing.
46% have owned stablecoins; 21% currently hold USD-pegged assets.
Ripple's RLUSD reached a $310 million market cap, aimed at cross-border payments and DeFi applications.

The trends in Singapore reflect broader patterns seen globally, particularly with XRP gaining traction in regions like Latin America. Bitcoin's dominance persists, but altcoin investments are on the rise, signaling shifting investor strategies.