Top 10 Cryptocurrency Companies in Singapore

Top 10 Cryptocurrency Companies in Singapore

Table of Contents

Singapore is recognized as a leading crypto hub in the Asia-Pacific region. With its wide clarity on crypto regulations, open arms to technology, and tax benefits, it attracts many cryptocurrency startup companies. The Monetary Authority of Singapore (MAS) maintains the balance between investor protection, innovation, and customer security. These vibrant changes positioned Singapore cryptocurrency companies at the top in 2025. 

As of January 2024:

1. Over  19 crypto-licensed service providers operate across Singapore.

2. Crypto assets are taxed under Income Tax, not GST, in most retail cases.

3. MAS grants licenses under the Payment Services Act (PSA) to crypto and payment service providers.

These crypto-friendly approaches made Singapore stand out in global technology development. Companies like Circle, Coinbase, and many more are bringing new changes to the crypto space. Let’s get to know what more cryptocurrency companies in Singapore are driving the innovation.

How Singapore Empowers Cryptocurrency: Regulation, Tax Relief & Recent Developments?

Singapore actively supports the growth of the crypto industry through clear policies and tech-forward initiatives.

  • Regulatory Clarity: MAS licenses digital payment token (DPT) services under the Payment Services Act, supporting innovation with accountability.
  • Tax Benefits: No capital gains tax applies on crypto profits unless the crypto is used as business income.
  • Government-backed Pilots: Initiatives like Project Guardian explore tokenized financial assets with global banks and major exchanges.
  • Public-Private Collaboration: MAS works closely with global players like JPMorgan, DBS, and crypto firms to test new blockchain use cases.
  • Consumer Risk Management: Recent MAS guidelines include limits on crypto advertising and safeguards for retail traders.

Top 10 Cryptocurrency Companies in Singapore

Circle

1. Circle

Circle is known as one of the top innovative cryptocurrency companies in Singapore. Although it was established in 2023, its digital payment services reached the users, making it one of the top companies.

Operates the USDC stablecoin, the second-largest stablecoin with a $32 billion market cap (April 2025). Recently partnered with Grab to explore Web3 wallets in Southeast Asia. Licensed under Singapore’s Major Payment Institution (MPI) framework in June 2023. Opened new offices in Hong Kong and Singapore to expand Asia-Pacific presence. Launched Cross-Chain Transfer Protocol (CCTP) for secure stablecoin transfers across chains.

Coinbase

2. Coinbase

Coinbase is one of the safest crypto platforms in Singapore. The company's main services include buying, selling, and storing cryptocurrency.

Secured its Digital Payment Token license from MAS in October 2023. Expanded Coinbase Wallet with support for localized staking and DeFi tools in Asia. Announced a regional talent hub in Singapore for Web3 development in 2024. Partnered with Standard Chartered for institutional custody integration. Rolled out educational modules to promote safe crypto investing in Southeast Asia.

imToken

3. imToken

imToken is one of the old cryptocurrency development companies in Singapore. It was established in 2016 and provides wallet services across the country.

Hosts over 12 million users managing crypto across 150+ countries globally. Integrates EVM compatibility and support for 12 blockchains including Ethereum, Arbitrum, and BSC. Rolled out biometric security features for wallet login and transaction approvals. Partnered with Chainlink to bring price oracles to the wallet interface. Added seamless DApp discovery features to support the expanding DeFi ecosystem.

Alpha Impact

4. Alpha Impact

Alpha Impact was established in 2020 and allows social and crypto trading. It is known as a Singapore non-custodial, blockchain platform.

Provides copy trading tools for over 100 verified crypto traders with transparent analytics. Integrated social feed and educational content to guide beginner investors with verified trading insights. Launched a new revenue-sharing model for successful trades copied by the community. Added support for real-time portfolio tracking across multiple centralized exchanges. Built new risk-scoring algorithms based on historical trading and volatility metrics.

Beoble

5. Beoble

Beoble is similar to Alpha Impact, however, it provides web3 social modules too. It was established in 2021 and lets users connect with wallet-to-wallet messaging.

Offers end-to-end encrypted wallet-to-wallet messaging for NFT and token transactions. Partnered with multiple Web3 games to offer in-game messaging powered by Beoble. Introduced an SDK for developers to integrate wallet chat into decentralized apps. Raised $2.1 million in seed funding in early 2024 to expand their platform. Focused on user-owned data architecture aligned with decentralized identity protocols.

Cobo

6. Cobo

Cobo is well well-known cryptocurrency development company in Singapore. It specializes in digital assets custody and wallet infrastructure solutions.

Custody provider for over 500 institutional clients managing billions in digital assets. Offers Wallet-as-a-Service used by exchanges, miners, and asset managers. Launched Argus, a digital asset management platform with on-chain fund monitoring tools. Completed $40M Series B round led by top-tier investors like DST Global. Certified for SOC 2 Type I & II, and licensed in the US, HK, and SG.

Blockonomics

7. Blockonomics

Blockonomics offers unique services that allow users to pay with crypto tokens for goods and services. It provides Bitcoin-related payment solutions.

Bitcoin-only payment gateway with support for merchant invoicing and decentralized checkout. Over 10,000 merchants use Blockonomics globally, including 1,200+ in Asia. Recently added support for zero-confirmation payments and dynamic fee management. Launched an updated merchant dashboard with real-time settlement tracking. Committed to privacy-first payments without custodial accounts or KYC.

Blockhead

8. Blockhead

Blockhead is known for providing research, analysis, and media details on the crypto market.

Covers Web3 news from Asia-Pacific with multilingual content and live market commentary. Published exclusive stories on crypto regulation and exchange activity in Southeast Asia. Offers curated Web3 newsletters read by 20,000+ global subscribers. Added AI tools to summarize blockchain whitepapers and DAO proposals. Hosted Web3 event series featuring MAS and industry experts in Singapore.

Goka

9. Goka

Goka is also one of the seed funding companies that was established in 2022 with a focus on NFT and Web3 development.

Develops real-world-friendly composable NFTs for brand activations and loyalty programs. Helped over 60 campaigns tokenize physical and digital promotions across Asia. Offers drag-and-drop NFT minting tools for marketing teams. Recently partnered with FMCG brands for coupon-to-NFT experiences. Emphasizes low gas fees and user-first UI in its NFT creation interface.

IQ Labs

10. IQ Labs

IQ Labs was established in 2021 known as a Singapore-based start-up cryptocurrency company that mainly works on frameworks and protocols in the DeFi space.

Focuses on modular DeFi tools enabling permissionless lending, yield farming, and collateralization. Launched IQ-Token Framework to create interoperable smart money legos. Partnered with LayerZero for the cross-chain deployment of liquidity pools. Active contributor to open-source DeFi DAO governance models. Grew developer base by 180% in 2024 through hackathons and grants.

Quick Analysis Table on These 10 Cryptocurrency Companies

These 10 cryptocurrency companies in Singapore are well-known for their services. Let’s know some more key details on these. 

Company Specialization Recent Development
Circle Stablecoin payments and USDC infrastructure Cross-chain stablecoin transfers via CCTP
Coinbase Crypto trading and wallet platform MAS license and new institutional custody integrations
imToken Multichain decentralized wallet Biometric security and DApp discovery features
Alpha Impact Copy trading and crypto social network Revenue-sharing and real-time tracking tools
Beoble Wallet-to-wallet encrypted messaging SDK and Web3 game integrations
Cobo Institutional custody and security tools Argus platform and expanded licensing across regions
Blockonomics Bitcoin payments gateway Zero-confirmation and privacy-first checkout updates
Blockhead Web3 news and journalism AI whitepaper summaries and live crypto events
Goka Composable NFTs and brand promotions NFT loyalty tools for FMCG and real-world redemption
IQ Labs DeFi protocol development IQ-token framework and cross-chain liquidity tools
Cryptocurrency Development Company

Conclusion

Singapore continues to lead the global crypto charge with policy clarity, innovation hubs, and a vibrant startup ecosystem. The ten companies above reflect the diversity and ambition of Singapore’s blockchain scene. Whether it’s crypto payments, DeFi development, or user-focused apps, these firms are shaping the future of finance.

Planning to start your own crypto venture? SoluLab, one of the top cryptocurrency development service providers, helps startups build robust, secure, and scalable blockchain platforms. From smart contracts to DeFi apps and token launches, we’ve partnered with entrepreneurs and enterprises globally. Let us be your tech backbone while you lead the vision. Contact SoluLab today and take the first step into the crypto future.

FAQs

1. Why is Singapore a top place for cryptocurrency companies?

Singapore offers clear crypto laws, tax benefits, and strong government support. The Monetary Authority of Singapore (MAS) gives licenses under the Payment Services Act. This helps crypto companies grow in a safe and secure way.

2.  Which is the best cryptocurrency development company in Singapore?

Cobo is considered one of the best for cryptocurrency development. It provides secure wallets and custody services to big institutions. Their Argus platform helps track digital assets safely.

3. What are some recent changes in crypto laws in Singapore?

Recently, MAS added strict rules on crypto ads for retail users. They also launched Project Guardian with global banks to explore tokenized assets. Tax laws remain clear—crypto income is taxed, but no GST for regular users.

4. How are companies like Circle and Coinbase growing in Singapore?

Circle has launched cross-chain transfers and partnered with Grab for Web3 wallets. Coinbase now has a local license and works with banks like Standard Chartered. Both companies are expanding their teams and tech in the Asia-Pacific region.

5. What other cryptocurrency companies are active in Singapore besides these 10?

Some other names include Zilliqa, Coinhako, Bybit, Vauld, and Paxos. These companies are also offering services like crypto trading, wallets, and blockchain infrastructure in the region.

6. How can I start my own cryptocurrency startup in Singapore?

To start, you need a solid tech partner and a clear business idea. SoluLab can help with everything, from smart contracts to secure crypto wallets. Their team builds trusted crypto products for global clients. Get started with SoluLab

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