Ranking of cryptocurrency wallet apps in Singapore 2017-2021

Cryptocurrency exchange Binance saw its daily active users in Singapore triple between January 2021 and February 2021. International-oriented apps like Binance and Coinbase were more popular than the domestic Coinhako, even though user figures increased for all three apps. One of the reasons why there was this marked increase in this time frame likely was the introduction of Singapore's Payment Services Act: This payment legislation came into effect on January 28, 2021, and is aimed at promoting e-payments in the Southeast Asian country. E-wallets and cryptocurrency exchanges are believed to benefit from this, as it provides a regulatory framework for these types of digital payments. When it comes to cryptocurrencies, countries Asia and the Middle East have so far been considered the most likely places where Bitcoin is mined.