Crypto
Singapore Reclaims the Regional Crypto Lead at $284 Billion as the Rest of CSAO Shrinks

Singapore is again the largest crypto economy in Central and Southeast Asia and Oceania. Chainalysis put activity there at $284 billion in the year to June 2026, up 55.4%. The wider region contracted 6.8% over the same window, July 2025 through June 2026.
The jump was not a retail wave. Institutional-platform activity rose 94% to $60 billion, concentrated in a small set of market makers, over-the-counter desks and institutional brokerages. Chainalysis told Cointelegraph the growth was “mostly high-volume activity by existing platforms rather than the dynamic entry of new services.” Outside that book, flows into centralized exchanges rose 30% and flows into decentralized exchanges rose 69%. Both moved. Neither explains the headline.
Australia was second at $173.1 billion. Total activity there fell 5.6%, mostly on a drop in DEX flows, while institutional-platform activity rose 33.3% to about $39.9 billion. India was still large, at $135 billion, but down 14.7% — one of the sharper declines in the set. It kept the region’s biggest centralized-exchange inflows, $88.4 billion, ahead of Singapore’s $82.3 billion and Australia’s $79.3 billion. Vietnam was fourth at $122.2 billion, then Indonesia at $83.2 billion, Thailand at $82.8 billion and the Philippines at $44.5 billion.
The other half of the report is the opposite market. The Philippines, Thailand and Vietnam together logged 5.4 million peer-to-peer transfers under $10,000, domestic and cross-border. That is 14.4% of such transfers worldwide, from countries that are 2.5% of the global crypto economy. Thailand and Vietnam also ran sizable domestic stablecoin markets, $10.4 billion and $6.9 billion. Cross-border stablecoin flow was larger than domestic in those markets. Chainalysis tied that to speed, cost and ease of use, not to a trading desk in Raffles Place.
Read together, the region split. Singapore’s number is a financial-center number: existing institutional pipes, more volume through them, plus broader exchange flow while the Monetary Authority of Singapore has been tightening licensing and still backing tokenization and stablecoin settlement. India’s number is an exchange-inflow number that shrank at the top line. The Mekong and Philippine number is small tickets. Institutional platforms across CSAO processed $152.3 billion, up 40%, and took 18.9% of regional activity by the end of the second quarter. That share is rising. It is not the same thing as adoption.
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Crypto
WebitPay Showcases Crypto-Funded Visa Cards at TOKEN2049 Singapore 2026
SINGAPORE, October 2026 — WebitPay, a crypto payment platform offering virtual and physical Visa cards, participated in TOKEN2049 Singapore 2026, showcasing its payment solutions designed to make digital assets more practical for everyday spending.
As the digital asset industry continues to evolve, attention is increasingly shifting beyond trading and investment towards real-world utility. Crypto-funded payment cards offer a practical way to connect digital assets with familiar payment experiences, allowing users to access everyday payment services through established financial infrastructure.
Bringing Crypto into Everyday Payments
WebitPay enables eligible users to fund their accounts with supported cryptocurrencies, including USDT and USDC, and access Visa payment cards for everyday purchases.
Through its mobile application, users can manage their crypto-funded balances and payment cards in one place. The platform offers virtual cards for online transactions and physical cards for in-store purchases, with Google Pay support available for eligible cards and devices.
By combining cryptocurrency funding with established card payment infrastructure, WebitPay aims to simplify the experience of using digital assets for everyday spending.
WebitPay at TOKEN2049 Singapore
During TOKEN2049 Singapore 2026, WebitPay showcased its virtual card offering and its Webit Black physical card, introducing visitors to its approach to crypto payments under the brand message “Spend Crypto. Live Global.”
Throughout the event, WebitPay engaged with industry participants across the digital asset, fintech and payment infrastructure sectors, exchanging perspectives on the growing demand for practical crypto payment solutions.
The discussions highlighted several areas of interest for the company, including cross-border payment experiences, card issuing infrastructure and opportunities to improve the accessibility of crypto-funded payments.
For WebitPay, the exhibition represented an opportunity not only to present its products but also to strengthen its connections within the broader global payments ecosystem.
Building Towards More Accessible Crypto Payments
Following TOKEN2049 Singapore, WebitPay remains focused on improving its card payment experience and exploring additional payment capabilities.
As digital assets become increasingly integrated into mainstream financial services, WebitPay aims to make crypto-funded payments simpler and more accessible to eligible users across supported markets.
With a focus on practical utility, the company continues to work towards bridging the gap between digital asset ownership and everyday spending.

About WebitPay
WebitPay is a crypto payment platform offering cryptocurrency funding and virtual and physical Visa card solutions. Through its mobile application, WebitPay connects supported digital assets with everyday payment experiences, enabling eligible users to manage their balances and access card-based payments.
For more information, visit https://webitpay.net.
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