Crypto & Perp Trading in Singapore

Singapore's regulator currently permits crypto trading.

Asset classes on Canborsa

Crypto perps

52 markets ›

Stock & pre-IPO perps

26 markets ›

Commodity perps

4 markets ›

Index perps

4 markets ›

MAS's instant proxy-addressing overlay on FAST, available 24/7; licensed venues like Coinhako and Independent Reserve take it directly.

MAS's instant SGD transfer service underneath PayNow, available 24/7; the standard route for larger deposits at licensed venues.

SWIFT / telegraphic transfer

funding rail

WORKS

Used mainly for USD funding at Independent Reserve; slower and fee-bearing next to the domestic rails.

PS-G03 4.4.1(f) bars DPT providers from accepting credit or charge card payments issued in Singapore, in force since 19 June 2025.

The PS-G03 card restriction names only credit and charge cards, so debit cards depend on each venue's own policy, unconfirmed.

USDT P2P

funding rail

LIMITS

Not a common route since instant free bank rails dominate; a counterparty trading at volume falls inside PSA 2019 licensing.

No capital gains tax and no crypto-specific rate. IRAS states that gains from the sale of property, shares and financial instruments in Singapore are generally not taxable, and that because there are no capital gains taxes in Singapore, gains on digital tokens bought for long-term investment are not subject to tax.

Singapore treats crypto trading as legal.

Singapore residents can choose from 31 platforms, including Aevo, ApeX and Aster.

For crypto traders in Singapore: Full identity verification at account opening, set by an MAS notice.

On derivatives: Closed to retail customers through every MAS-licensed channel, and open to accredited investors.

Regulator for crypto trading in Singapore: Monetary Authority of Singapore (MAS).