Vietnam ranks second in Southeast Asia in cryptocurrencies

According to the report, Singapore led the region with $284.1 billion.

The report focused on the crypto economy and tracked the flows and activity of Bitcoin, Ether, stablecoins and other tokens across blockchains via various channels such as centralised and decentralised exchanges, peer-to-peer (P2P) trading, cross-border flows and institutional-facing platforms from July 2025 to June 2026.

It showed that Vietnam's market has a different profile from those of other regional financial centres. Vietnam, Thailand and the Philippines stood out for P2P activity, while Singapore and Australia saw notable growth in transactions conducted through platforms serving financial institutions.

P2P transactions involve the direct transfer of assets between individuals, often through platforms that connect buyers and sellers. Such transfers can support cryptocurrency trading, remittances or payments, although transaction data alone cannot establish the purpose of individual transfers.