Explore Singapore’s thriving crypto landscape with our comprehensive guide to the top cryptocurrency exchanges of 2025. Backed by MAS regulations, these platforms ensure secure trading, while Plurance provides robust crypto exchange development solutions to empower entrepreneurs in launching their ventures effortlessly.
Singapore has proved to be a heaven for crypto enthusiasts because the regulations are clear. The Monetary Authority Of Singapore (MAS) oversees every aspect of cryptocurrencies within the ambit of anti-money laundering and terrorism financing requirements under the Payment Services Act. In this case, you may be assured of making the right choice in opting for a trading platform in Singapore that perfectly fits your trading needs for a smooth experience sourcing cryptocurrencies.
We analyzed the best crypto exchanges in Singapore that are listed below,
1. Coinhako
Coinhako was founded in 2014 and is a cryptocurrency exchange offering service in Singapore for more than 300,000 users in the country. Licensed with the Payment Services Act by MAS, Coinhako provides secured trading for over 100 cryptocurrencies through its superior Super Wallet.
Features and Benefits
Coinhako provides features such as recurring buys, which allow users to pull in crypto purchases at intervals, and price alerts when significant movements are perceived in the market.
The platform accepts different payment options such as PayNow, FAST bank transfers, and card payments.
The platform offers a reward program where users accrue points through daily logins and trades, redeemable for various benefits.
Additionally, Coinhako provides personal account management for OTC trades above $200,000 SGD, which makes it ideal for institutional investors and does not charge any fees.
2. Kraken
Kraken is an American-based crypto exchange that over 10 million users worldwide trust. This platform provides more than 320 cryptocurrencies to spot trade, but it has advanced trading features for margin trading on 100+ futures contracts with up to 5x leverage.
Worthwhile benefits and functionalities
Security is the main focus of Kraken's operations with the application of industry-leading measures such as cold storage, 2FA, and regular security audits to complete transparency in reserve holdings.
The platform also includes institutional-grade services, e.g., OTC desk for large trades.
Besides that, Kraken has staking services that offer added value of as much as 28% APY in rewards and features an NFT marketplace.
USD funding types available on the platform include bank transfers and debit/credit card payments, but it does not provide any deposits in SGD.
3. Independent Reserve
Independent Reserve was the first licensed cryptocurrency exchange in Singapore, established in 2013. Over 350,000 customers have joined to participate and enjoy the simple hardware in making trades and storing their preferred cryptocurrencies, including popular ones such as Bitcoin, Ethereum, Solana and XRP.
Key features
An over-the-counter trading platform for elite traders automation through the API, deploying extensive trading bots while enabling the use of a mobile app to manage portfolios when traveling.
This exchange accepts many currencies including SGD, USD, and AUD among various payment forms for depositing.
Independent Reserve is arguably the safest investment platform for investors in Singapore compared to other competitors, although it has a lesser number of assets and features.
In fact, it's the MAS license that proves its dedication towards corporate governance and risk management, which is verified by annual audit and ISO 27001 compliance.
4. Gemini
Gemini is a custodian of highly regulated crypto exchange by the Singaporean ecosystem with a commitment to security and compliance. In December 2020, they opened the gates for Singaporeans to deposit and trade in SGD, their local currency, eliminating the costs associated with currency conversion.
Main characteristics and functionalities
5. Crypto.com
Crypto.com is a global full-fledged crypto site with over 100 million users, including a sizable market share in Singapore. It has over 350 cryptocurrencies for spot and futures trading. In June 2023, Metro.com got itself an MPI license from MAS.
Potential benefits and features
The crypto works in Singapore are regulated in a framework mainly headed by the MAS. The major governing rule regarding those works falls under the Payment Services
Act. A DPT service provider is required to be licensed under the Major Payment Institution (MPI) license of the Authority for the provision of digital payment token services under the PSA.
This licensing also provides a basis for enforcing strict anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements on various service providers. The MAS's issuance of 13 MPI licenses for crypto operators in the year 2024 was more than double that of the previous year.
These provisions have drawn business and talent to the country. Singapore is therefore a standard setter in crypto innovation and compliance in Asia, with over 1,600 patented blockchain inventions, 2,400 industry jobs, and more than 80 crypto exchanges.
Cryptocurrency acquisition has been greatly on the higher side in Singapore. By mid-2025, almost three million four hundred ten thousand crypto users are expected to be in said country which is about fifty-five point nine percent of the whole population.
By the end of 2025, it is said that this crypto market will generate a revenue of around USD 229.4 million. Another one of the motivating talents to action on this are the increased acceptability of cryptocurrencies in everyday transactions and adoption by businesses of blockchain technologies.
MAS has thrown a very bright light under the Payment Services Act to lure, among other players, giants like Binance, Crypto.com, Coinbase, and Independent Reserve.
To safely store cryptocurrency, invest in hardware wallets such as Ledger Nano S or Trezor, both of which store tokens offline to provide more defense against online attacks. For more convenience, consider reliable mobile wallets like Bitcoin.com Wallet and Trust Wallet with all required features for high-level security. Moreover, enable 2FA and keep private keys safe from unauthorized access.
Thus, Singapore has firmly emerged as the leading hub for cryptocurrency with an obvious regulatory framework established under the Monetary Authority of Singapore (MAS). Several market-leading exchanges such as Coinhako, Kraken, Gemini, Crypto.com, and Independent Reserve provide actual regulatory access for local users with a regulated platform to invest in digital assets. It is very important to pick up the right crypto exchange in Singapore, which is cost-efficient as far as trading goes.
Our selections topped up in terms of security, availability of cryptocurrencies, and user experience. Bitcoin.com regularly updates its ranking to keep you abreast with the most relevant information on the best platforms to meet your trading needs.
As a leading Cryptocurrency exchange Software development company, Plurance provides various types of exchanges like centralized exchange software, decentralized exchange software, hybrid exchange, future exchange and so on. We offer solutions such as Cryptocurrency Exchange Script, Whitelabel Crypto Exchange Software, etc for startups to start their business easily.
Let's talk about your ideas. All information is kept absolutely confidential.
