In a survey conducted on cryptocurrency in Singapore in 2023, 55 percent of crypto users indicated that they staked crypto through a centralized service or exchange. Staking is when users lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking, they earn more cryptocurrency.
Leading cryptocurrency use cases in Singapore as of November 2023
Characteristic
Share of cryptocurrency users
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Seedly. (December 21, 2023). Leading cryptocurrency use cases in Singapore as of November 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/
Seedly. "Leading cryptocurrency use cases in Singapore as of November 2023." Chart. December 21, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/
Seedly. (2023). Leading cryptocurrency use cases in Singapore as of November 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/
Seedly. "Leading Cryptocurrency Use Cases in Singapore as of November 2023." Statista, Statista Inc., 21 Dec 2023, https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/
Seedly, Leading cryptocurrency use cases in Singapore as of November 2023 Statista, https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/ (last visited July 22, 2024)
Leading cryptocurrency use cases in Singapore as of November 2023 [Graph], Seedly, December 21, 2023. [Online]. Available: https://www.statista.com/statistics/1456007/singapore-cryptocurrency-use-cases/