新加坡加密货币行业市场前景及投资研究报告-外文版培训课件

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MARKETSCryptocurrencyinSingaporeCHAPTER

01OverviewShareofrespondentswhoindicatedtheyeitherownedorusedcryptocurrenciesin56countriesandterritoriesworldwidefrom2019to2024Annualcryptocurrencyadoptionin56differentcountriesworldwide2019-2024201916%18%8%202014%12%8%202121%12%10%18%14%13%14%11%9%202235%22%22%23%15%18%14%15%12%16%19%19%15%202326%28%27%22%-202430%24%22%22%20%19%18%17%17%16%16%16%16%ArgentinaBrazilIndiaSouthAfricaPortugal16%9%17%8%SwitzerlandChile10%11%10%12%7%9%21%15%-12%10%11%8%DominicanRepublicMexico13%17%19%20%16%Australia9%NetherlandsSouthKoreaUnitedStates10%6%9%10%8%8%5%7%8%3Description:ConsumersfromcountriesinAfrica,Asia,andSouthAmericaweremostlikelytobeanownerofcryptocurrencies,suchasBitcoin,in2024.Thisconclusioncanbereachedaftercombining55differentsurveysfromtheꢀStatista'sConsumerInsightsoverthecourseofthatyear.NearlyoneoutofthreerespondentstoStatista'ssurveyinNigeria,forinstance,mentionedtheyeitherownedoruseadigitalcoin,ratherthansixoutof100respondentsintheUnitedStates.Thisisasignificantchange[...]

ReadmoreNote(s):Worldwide;April3,2023,toMarch26,2024;2,000or12,000respondentspercountry;18-64years;Residentialonlinepopulation,picked"cryptocurrency(e.g.Bitcoin)"Source(s):ConsumerInsightsOwnershipofcryptocurrencyintheAsia-Pacificregionin2022,byselectedcountryorterritoryOwnershipofcryptocurrencyAPAC2022,bycountryShareofrespondents20%0%5%10%15%25%30%35%40%45%IndonesiaSingaporeHongKongIndia41%30%24%20%Australia18%4Description:AccordingtoasurveyheldfromNovember2021toFebruary2022,41percentoftherespondentsIndonesiaownedcryptocurrency.Incomparison,18percentoftherespondentsinAustraliawerecryptocurrencyownersin2022.

ReadmoreNote(s):Asia,APAC;November23,2021toFebruary4,2022;6,982respondents;18-75years;respondentswithhouseholdincomeof14,000U.S.dollarsormoreSource(s):GeminiShareofpeoplewhothinkthatcryptocurrencyisthefutureofmoneyintheAsia-Pacificregionin2022,byselectedcountryorterritoryShareofpeoplethatbelieveinacryptocurrencyfutureAPAC2022,bycountryShareofrespondents0%10%20%30%40%50%60%59%70%IndonesiaIndia61%SingaporeHongKongAustralia26%19%17%5Description:AccordingtoasurveyheldfromNovember2021toFebruary2022,61percentoftherespondentsinIndonesiathoughtthatcryptocurrencywasthefutureofmoney.Comparatively,17percentoftherespondentsinAustraliaagreedwiththenotionasofFebruary2022.ReadmoreNote(s):Asia,APAC;November23,2021toFebruary4,2022;6,982respondents;18-75years;respondentswithhouseholdincomeof14,000U.S.dollarsormoreSource(s):GeminiValueoffintechinvestmentsinSingaporefrom2020to2023(inbillionU.S.dollars)ValueoffintechinvestmentsinSingapore2020-20234.54.03.53.04.13.42.52.01.51.00.50.02.32.220202021202220236Description:In2023,thefintechinvestmentsinSingaporereached2.2billionU.S.dollars.Thiswasadecreasecomparedtothepreviousyear.Incomparison,thefintechinvestmentsreached4.1billionU.S.dollarsin2022.

ReadmoreNote(s):Singapore;2020to2022Source(s):KPMGCHAPTER

02CompaniesandfundingDistributionoffintechcompaniesinSingaporein2023,bysectorDistributionoffintechcompaniesSingapore2023,bysectorShareofcompanies0%2%4%6%8%10%12%14%16%18%20%PaymentsBlockchain/Web3Regtech19%18%16%Investments/WealthtechBigdata/AI11%8%Lending7%Insurtech6%Remittance5%DigitalbankingsolutionsLicensedcryptoserviceprovidersCrowfunding/CrowdlendingPersonalfinanceComparison2%2%2%1%1%1%1%NeobankingDigitalbanks8Description:In2023,thepaymentssectoraccountedforthehighestshareoffintechcompaniesinSingaporeat19percent,followedbyblockchainandweb3at18percent.Theinvestmentsandwealthtechsectoraccountedfor11percentofthetotalfintechcompaniesinthecountryinthatyear.ReadmoreNote(s):Singapore;2023Source(s):FinTechNewsFundingvalueforcryptocurrencycompaniesinSingaporefrom2017to2023,bynumberandvalueofdeals(inmillionsU.S.dollars)FundingforcryptocurrencySingapore2017-2023,bydealsandvalueFundingvalueNumberofdeals1,4001,2001,0008006004002000140120100801311169.888626.860375.853740201775.3496.491620201217.52.25302017201820192021202220239/statistics/1294117/singapore-cryptocurrency-funding-by-deals-and-valueThevalueoffundingforcryptocurrencycompaniesreachedalmost627millionU.S.dollarsin2023inSingapore,withatotalof88deals.Thisrepresentsadecreasefromthepreviousyearwhenthefundingvaluereachedabout1.2billionU.S.dollars.

ReadmoreNote(s):Singapore;2017to2023Source(s):KPMGLeadingcryptoappsinSingaporein2023,bydownloads(in1,000s)MostpopularcryptoappsinSingapore2023,bydownloadsDownloadsinthousands0102030405060708090100BinanceTrust92.8861.92OKX44.1CCoinbase43.2239.7136.7935.6632.83MetaMaskPiNetworkCoinbaseWalletBybit22.9319.82CoinMarketCap10Description:BinancewastheleadingcryptocurrencyappintermsofpopularityinSingapore,withalmost93thousanddownloadsin2023.ItwasfollowedbyTrustandOKX,whichrecordedabout62thousandand44thousanddownloads,respectively.

ReadmoreNote(s):Singapore;JanuarytoDecember2023;totalnumberofdownloadsregisteredduringtheperiod;iPhone/iPadAppStoreandGooglePlaySource(s):AppMagicLeadingcryptoappsinSingaporein2023,byrevenue(in1,000U.Sdollars)MostpopularcryptoappsinSingapore2023,byrevenueRevenueinthousandU.S.dollars0123456CryptoTabCoinStats5.62.89FoneNetworkZombieGamesTheCryptoAppSocialGoodCryptoNewsEagleNetworkShuZang2.21.911.130.970.660.410.380.36Blocto11Description:CryptoTabgeneratedarevenueofabout5.6thousandU.S.dollarsinSingaporein2023,makingittheleadingcryptoappintermsofrevenueduringthisperiod.ItwasfollowedbyCoinStatsandFoneNetwork.

ReadmoreNote(s):Singapore;JanuarytoDecember2023;in-apppurchase(IAP)revenuereducedbyplatformfeesandinclusivetaxes;iPhone/iPadAppStoreandGooglePlaySource(s):AppMagicMonthlynumberofCappdownloadsinSingaporein2023(in1,000s)MonthlyCdownloadsinSingapore20235.55.04.54.03.54.964.554.244.093.773.743.743.493.233.183.02.52.02.652.6Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23Sep'23Oct'23Nov'23Dec'2312Description:ThemonthlynumberofCappdownloadsincreasedovertheobservedperiodoftimeinSingapore,peakingatover4.9thousanddownloadsinDecember2023.Incomparison,thecryptocurrencyappwasdownloadedabout2.65thousandtimesinJanuary2023.ReadmoreNote(s):Singapore;JanuarytoDecember2023Source(s):AppMagicNumberofdownloadsoftheMetaMaskwalletappin59differentcountriesandterritoriesintheworldfromSeptember2020toDecember2023MonthlydownloadsofcryptowalletMetaMaskin59countriesworldwide2020-2023AlgeriaBelarusArgentinaBelgiumAustraliaBrazilAustriaCanadaAzerbaijanChileColombiaEgyptHongKong,SARIsraelLebanonNigeriaCzechiaFinlandHungaryItalyMalaysiaNorwayPortugalSouthAfricaTaiwan,provinceofChinaUnitedKingdomDenmarkFranceIndiaJapanMexicoPakistanRomaniaSouthKoreaThailandUnitedStatesDominicanRepublicGermanyIndonesiaKazakhstanNetherlandsPeruRussiaSpainTurkeyVietnamEcuadorGreeceIrelandKuwaitNewZealandPhilippinesSaudiArabiaSwedenPolandSingaporeSwitzerlandUnitedArabEmiratesUkraine4,000,0002,000,000013Description:TheMetaMaskwalletwasdownloadedthemostinIndiaandtheUnitedStates,although2023datasuggestsgrowingpopularityinothercountries.OriginatingfromBrooklyn,NewYork,itmaynotbetoosurprisingtoseethecryptowalletbeingpopularintheUnitedStates.Nevertheless,othercountriesfromthearoundtheworlddownloadedtheappin2022-mostnotablyBrazil,Indonesia,Russia,India,andNigeria.MetaMaskisacryptocurrencywalletandexchangefortheEthereum[...]

ReadmoreNote(s):Worldwide;September2020toDecember2023;<br>Theorderofthecountriesisbasedoffthetotalnumberoflifetimedownloadssincethereleaseoftheapp.Thehigherthecountryislisted,themoretheappwasdownloadedoverall;<br>Numbersareinteractive:ClickingonthenamerevealsorremovesthatappfromthegraphicSource(s):AppMagic;CHAPTER

03AdoptionandownershipCryptoadoptionindexrankingofSingaporefrom2020to2023,bymetricAnnualcryptoadoptiondevelopmentinSingapore2020-2023,bymetricRank

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indexOverallranking(outof146countries)202050202180202263202377Overallindexscore(1=highest,0=lowest)0.1730.03730.2550.0182On-chaincryptocurrencyvaluereceivedatcentralizedexchanges,rankingOn-chainretailvaluereceivedatcentralizedexchanges,ranking947455101Numberofon-chaindeposits,ranking854n/a79n/a80n/a84Peer-to-peer(P2P)exchangetradevolume,rankingOn-chaincryptocurrencyvaluereceivedfromDeFiprotocols,rankingn/an/a4759On-chainretailvaluereceivedfromDeFiprotocols,rankingn/an/a515915Description:In2023,Singaporeranked77thintheworldintermsofcryptoadoption,indicatingaslightdecreasecomparedtothepreviousyear.Thecountryscoredhighestaton-chainretailvaluereceivedatcentralizedexchanges.

ReadmoreNote(s):Singapore;July2020toJune2023;Ranking(1=highest,146=lowest);Weightedbypurchasingpowerparity(Source(s):Chainalysis;percapitaCryptocurrencyownershipamongfinance-forwardSingaporeansasofNovember2023CryptocurrencyownershipSingapore2023Shareofrespondents10%

20%0%30%40%50%60%Currentlyowncrypto57%Previouslyowned,butnotcurrentlyInterestedinowningcrypto,butdon’tcurrentlyownFamiliarwithcrypto,butnotinterestedNotfamiliarwithcrypto13%12%11%7%16Description:InasurveyconductedinSingaporein2023,themajorityoffinance-forwardSingaporeansindicatedowningcryptocurrency.Incomparison,onlysevenpercentoftheserespondentsreportednotbeingfamiliarwithcrypto.

ReadmoreNote(s):Singapore;October23toNovember15,2023;2,006respondents;18yearsandolder;amongfinance-forwardadultsSource(s):Coinbase;SeedlyOwnershipofcryptocurrenciesinSingaporefrom2022to2024,byageCryptocurrencyownershipSingapore2022-2024,byage202120222023202480%70%60%50%40%30%20%10%0%69%67%63%60%55%53%51%50%47%45%45%39%38%35%30%30%30%24%19%17%18-25years26-35years36-45years46-55years55yearsandolder17Description:AccordingtoaFebruary2024surveyinSingapore,theagegroupwiththehighestownershipofcryptocurrenciesisthe36to45yearolds,witha51percentownershiprate.ThesamesurveyestimatesSingapore'scrypto-currencyownershiprateat40percent.ReadmoreNote(s):Singapore;February2022toFebruary2024;1,500+respondentsSource(s):IndependentReserveBreakdownofcryptocurrencyusersinSingaporeasofNovember2023,byincomelevel(inSingaporedollars)CryptocurrencyusersSingapore2023,byincomelevelShareofcryptocurrencyusers6%

8%

10%0%2%4%12%14%16%18%20%Noincome

0%15,000orless19%15,001to25,00025,001to35,00035,001to45,00045,001to55,00055,001to75,00075,001to100,000100,001to250,000Over250,00016%17%10%6%6%6%7%6%6%Prefernottoanswer18Description:InasurveyconductedoncryptocurrencyusersinSingaporein2023,19percentofthemhadagrossmonthlyhouseholdincomeofunder15,000Singaporedollars.Accordingtothesurvey,sixpercentofcryptocurrencyusershadanmonthlyhouseholdincomeofover250,000Singaporedollars.ReadmoreNote(s):Singapore;October23toNovember15,2023;1,319respondents;18yearsandolder;amongcryptocurrencyusersSource(s):Coinbase;SeedlyCryptocurrencyownershipamongfinance-forwardSingaporeansasofNovember2023,byamount(inU.S.dollars)CryptocurrencyownershipSingapore2023,byamountShareofrespondents0%5%10%15%20%25%30%35%999orless1,000to9,99915%31%10,000to24,99925,000to49,99950,000to99,999100,000ormorePrefernottoanswer25%14%6%8%1%19/statistics/1455995/singapore-cryptocurrency-ownership-by-amountInasurveyconductedinSingaporein2023,31percentofcryptocurrencyholdersindicatedowningbetween1,000and9,999U.S.dollars.Thesamesurveyindicatedthat57percentoffinance-forwardSingaporeansindicatedowningcryptocurrency.

ReadmoreNote(s):Singapore;October23toNovember15,2023;1,143respondents;18yearsandolder;amongcryptocurrencyownersSource(s):Coinbase;SeedlyCHAPTER

04CoinsAwarenessofcryptocurrencyinSingaporeasofFebruary2024,bycoinCryptocurrencyawarenessinSingapore2024,bycoinShareofrespondents0%10%20%30%40%50%60%70%80%90%Bitcoin(BTC)Ethereum(ETH)82%45%Dogecoin(DOGE)USDTether(USDT)USDCoin(USDC)Solana(SOL)29%24%22%18%18%Ripple(XRP)Cardano(ADA)14%Others2%Ihavenotheardofcryptocurrency11%21Description:AccordingtoasurveyconductedinFebruary2024,82percentoftherespondentsinSingaporewereawareaboutBitcoin.Ethereumwasthesecondmostpopularcryptocurrencyamongthesurveyrespondents,with45percentawareofit.

ReadmoreNote(s):Singapore;February2024;1,500+respondentsSource(s):IndependentReserve;TolunaCorporateAdoptionofcryptocurrencyinSingaporeasofFebruary2024,bycoinCryptocurrencyadoptioninSingapore2024,bycoinShareofrespondents0%10%20%30%40%50%60%70%80%BitcoinEthereumUSDTetherDogecoin73%41%20%19%22/statistics/1367229/singapore-cryptocurrency-adoption-by-coinAccordingtoasurveyconductedinFebruary2024,73percentoftherespondentsinSingaporewhoownedcryptocurrencyheldBitcoin.Ethereumwasthesecondmostpopularcryptocurrencyamongthesurveyrespondents,with41percentowningit.ReadmoreNote(s):Singapore;February2024;1,500+respondents;amongcryptocurrencyownersSource(s):IndependentReserve;TolunaCorporatePerceptionofBitcoinamongSingaporeansasofFebruary2023BitcoinperceptionSingapore2023Shareofrespondents0%5%10%15%20%25%30%35%34%40%InvestmentassetStoreofvalueordigitalgoldMoney23%15%Scam9%23Description:AccordingtoasurveyconductedinFebruary2022,34percentofSingaporeansperceivedBitcoinasaninvestmentasset.Incomparison,23percentofthemperceiveditasastoreofvalueordigitalgold.

ReadmoreNote(s):Singapore;February2023;1,500+respondentsSource(s):IndependentReserve;TolunaCorporateBitcoinpost-halvinginvestmentplansinSingaporeasofFebruary2024,byportfoliosizeBitcoinpost-halvinginvestmentplansSingapore2024,byportfoliosizeMoreBitcoinMoreAltcoinsAdiversifiedportfolioMaintaincurrentportfolio68%Donotknow80%70%60%50%40%30%20%10%0%63%50%50%40%40%34%30%26%26%24%22%20%14%14%

14%12%12%5%9%9%5%4%4%3%2%0%0%0%0%Lessthan5%5%to10%11%to20%21%to50%51%to99%100%Shareofcryptoinportfolio24Description:AccordingtoasurveyconductedinFebruary2024,investorswhoheldbetween21to99percentoftheirportfolioincryptoweremostlikelytoinvestinmoreBitcoinin2024,afterBitcoinhalving.Occurringeveryfouryearsorso,bitcoinhalvingreferstothereductionofminers'rewardsbyhalf,therebydecreasingthesupplyofnewbitcoins.Thisphenomenonhashistoricallybeenacatalystforarallyinthecryptocurrencymarket.ReadmoreNote(s):Singapore;February2024;1,500+respondentsSource(s):IndependentReserve;TolunaCorporatePerceptionoftheBitcoinpostETFapprovalinSingaporeasofFebruary2024,byageBitcoinETFapprovalperceptioninSingapore2024,byageMorefavourableUnchanged:positive43%Unchanged:negativeUnchanged:Noopinion50%45%40%35%30%25%20%15%10%5%43%38%36%36%35%34%28%28%25%25%22%23%17%16%14%12%9%9%5%0%18-25years26-35years36-45years46-55yearsAbove55years25Description:AccordingtoasurveyconductedinFebruary2024,theapprovalofspotBitcoinETFshascontributedtoamorepositiveperceptionofBitcoininSingapore,accordingto43percentofrespondentsaged26to45years.AspotBitcoinETFisafundthattracksthereal-timepriceofBitcoinandistradedontraditionalstockexchanges.ReadmoreNote(s):Singapore;February2024;1,500+respondentsSource(s):IndependentReserve;TolunaCorporateCHAPTER

05UserbehaviorLeadingfactorsinfluencingcryptocurrencyadoptioninSingaporefrom2022to2024LeadingfactorsinfluencingcryptoadoptionSingapore2022-2024Shareofrespondents2024

2023

202220%0%DiversifyingmyinvestmentportfolioFriendsorfamilygotmeintoit10%30%40%50%60%52%54%44%50%53%51%45%47%CuriosityafterseeingitinthemediaTogetrich40%36%34%26%26%29%IsawapromotionfromacryptoexchangeThesystemisbrokenandcryptoisthefuture35%19%13%15%11%10%Whynot?7%5%Tobuygoodsandservices27Description:AccordingtoasurveyconductedinFebruary2024,themainreasonthatinfluencedSingaporeanstoadoptcryptocurrencieswastodiversifytheirinvestmentportfolio.Incomparison,50percentofrespondentsindicatedthatitwastheirfamilyandfriendsthatinfluencedthemtoadoptcryptocurrencies.ReadmoreNote(s):Singapore;February2024;1,500respondentsSource(s):IndependentReserve;TolunaCorporateLeadingcryptocurrencyusecasesinSingaporeasofNovember2023LeadingcryptocurrencyusecasesSingapore2023Shareofcryptocurrencyusers0%10%20%30%40%50%48%60%StakedcryptothroughacentralizedserviceorexchangeBought/soldcryptowithfiat55%51%Storedcryptoinaself-custodywalletTradedonecryptoforanotherStakedcryptothroughadecentralisedfinanceappSent/receivedcryptofrom/tosomeoneelseBought/soldNFTs40%38%33%28%Borrowed/lentfundsthroughaDeFiappParticipatedinaDAO23%22%Playedaweb3game17%Noneoftheabove2%28Description:InasurveyconductedoncryptocurrencyinSingaporein2023,55percentofcryptousersindicatedthattheystakedcryptothroughacentralizedserviceorexchange.Stakingiswhenuserslockcryptoassetsforasetperiodoftimetohelpsupporttheoperationofablockchain.Inreturnforstaking,theyearnmorecryptocurrency.ReadmoreNote(s):Singapore;October23toNovember15,2023;1,319respondents;18yearsandolder;amongcryptousersSource(s):Coinbase;SeedlyMainbarrierstoadoptcryptocurrencyinSingaporeasofFebruary2024BarrierstocryptoadoptionSingapore2024Shareofrespondents0%5%10%15%20%25%30%29%35%40%45%45%50%Thepriceistoovolatile/seemstooriskyThere’snotenoughconsumerprotectionandregulationIfindittooconfusingordifficultformetoevenconsiderI’mjustnotinterestedinit32%24%22%20%Iwantto,butIdon’tknowwheretostartIwantto,butI’mnotinafinancialpositiontodosoIthinkit’sallascam17%Negativecoverageinthemedia13%Itisnotenvironmentallyfriendly5%29/statistics/1367860/singapore-barriers-to-cryptocurrency-adoptionAccordingtoasurveycondu