In the wave of global financial innovation, a Southeast Asian country is quietly setting off a wave of cryptocurrency use, and it is Singapore. A recent study reveals an amazing phenomenon: the number of people in Singapore who own cryptocurrencies is showing a rapid growth trend, among which young users are at the forefront in using cryptocurrencies to meet daily financial needs. Against the backdrop of the booming cryptocurrency market in Singapore, the XBIT decentralized exchange platform is gradually emerging. It is a relatively safe, efficient, and decentralized cryptocurrency trading platform, which is completely built on blockchain technology. All transactions are completed publicly on the chain and do not rely on third-party intermediaries, thereby reducing trust risks.

Data shows that by 2024, the proportion of Singapore residents who own digital assets has climbed to 26%, a significant increase from 24.4% in 2023. This growth rate shows that the popularity of cryptocurrencies in Singapore is increasing day by day. Among those who hold cryptocurrencies, more than half (52%) have already used them to purchase goods and services, and surprisingly, as many as 67% plan to further increase the frequency of using cryptocurrency payments in the future.

This shows that cryptocurrency is no longer just an investment tool in Singapore, but is gradually integrating into people's daily lives and becoming a widely accepted payment method. The dex exchange perpetual contract is a special futures contract. Unlike traditional futures contracts, it has no expiration date or settlement date and can be held for a long time. In decentralized exchanges, platforms such as dYdX, PerpetualProtocol and XBIT decentralized exchange platforms have made important explorations in the field of dex exchange perpetual contracts.

It is worth mentioning that Generation Z and millennials (i.e. people aged between 16 and 44 as of 2025) dominate in terms of cryptocurrency holdings, with about 40% of people in this age group holding cryptocurrencies. The XBIT decentralized exchange platform is currently actively exploring innovative applications of decentralized derivatives (such as futures and options), and is likely to launch dex exchange perpetual contracts in the future. Once launched, it is expected to occupy a place in Singapore's cryptocurrency derivatives trading market. In addition, the winning rate of perpetual contracts depends on a reasonable trading system, such as trend judgment, stop-profit and stop-loss strategies, and strict discipline.

Among them, the use scenarios of cryptocurrency are very rich. 41.1% of people use it for online shopping. On e-commerce platforms, they can easily settle their favorite products with cryptocurrency with a click of the mouse; 35.9% of people use cryptocurrency to pay bills, and daily expenses such as water, electricity, and Internet fees can be easily settled with cryptocurrency; even 27% of people will use cryptocurrency to buy retail goods in physical stores to experience the unique convenience brought by this new payment method.

Why do the younger generation favor cryptocurrency so much? From the perspective of economic and technological development, young people are often curious about new things and are more adaptable to digital lifestyles. Cryptocurrency relies on advanced blockchain technology and has the characteristics of decentralization, convenient transactions, and anonymity. These characteristics happen to coincide with the young generation's pursuit of freedom and efficiency. For example, when shopping across borders, traditional payment methods may face cumbersome procedures and high fees, while cryptocurrencies can achieve fast, low-cost cross-border transactions, greatly improving the shopping experience.Through the automated execution of smart contracts, the XBIT decentralized trading platform improves transaction efficiency, reduces transaction costs, and provides users with a good trading experience. On the technical level, the platform supports multi-chain aggregation protocols, realizes seamless cross-chain transactions of mainstream public chain assets such as Ethereum, BNBChain, and Solana, and breaks down the barriers between chains. For young cryptocurrency users in Singapore, this means that they can more conveniently transfer and trade assets in different blockchain ecosystems, further expanding the application boundaries of cryptocurrencies.