Singapore's crypto economy grows to $284 billion, regaining its largest position in the CSAO region

According to Chainalysis data, Singapore's cryptocurrency activity grew by 55.4% to $284 billion in the year ending June 2026, reclaiming its position as the largest cryptocurrency economy in Central Asia, Southeast Asia, and Oceania (CSAO). Institutional platform activity increased by 94% to $60 billion, concentrated in market makers, OTC, and institutional brokers. During the same period, the CSAO encrypted economy contracted by 6.8%. The Philippines, Thailand, and Vietnam have a total of 5.4 million small P2P transfers (each less than $10000), accounting for 14.4% of such transfers worldwide. Cross border stablecoin activities in all markets exceed those in China, with regional cross-border activities being 3.2 times higher than those in China.