2 in 3 Singaporean retail investors now hold crypto: survey
A survey by MoneyHero and Coinbase reveals that 61% of Singaporean retail investors now hold cryptocurrency, with cautious allocations averaging 6%-12%. Trust is the top factor when choosing exchanges, followed by fees. The report indicates a mature phase in Singapore's crypto market, where ownership is common but risk appetite remains limited.
Whilst ownership is more common, allocations remain cautious, it said.
The majority of retail investors in Singapore now hold cryptocurrency, according to a survey by MoneyHero and Coinbase.
Of 3,513 active retail investors surveyed in the city, 61% reported holding crypto. The average self-reported portfolio allocation was 6%-12%, indicating interest with limited risk appetite.
Meanwhile, when choosing exchanges, 65% ranked trust as the top factor followed by fees at 42%.
This report suggests that Singapore’s cryptocurrency market has entered a new phase of maturity, where ownership is more common, allocations remain cautious, and trust factors outweigh fees when it comes to choosing crypto exchanges, the joint report stated.
