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Coinbase Report: Staking Becomes Most Popular Activity among Singapore Crypto Users Over the Past Year

According to a new report from cryptocurrency exchange platform Coinbase on February 22nd, a survey of over 2,000 Singaporean adults conducted in the fourth quarter of 2023 showed that more than half of financially savvy Singaporeans own cryptocurrency and see it as the future of finance. The report found that 57% of people currently hold digital assets, with most investing between $1,000 and $25,000. According to the report, "staking" has become the most popular activity among cryptocurrency users in Singapore over the past year. 55% of respondents said they stake their cryptocurrency through centralized exchanges, while 38% use DeFi applications.

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