110 views
/Independent Reserve

Chart of the Day: What’s blocking Singaporeans from investing in crypto

More than four in 10 respondents said it is too risky to invest.

Singaporeans revealed their top reasons behind their refusal to invest in cryptocurrency amidst events such as the bankruptcy of the crypto exchange, FTX.

This chart from Independent Reserve study showed that 45% are not keen to invest due to volatility. 

Results also showed that there are not enough regulations or consumer protection (30%) and others (27%) said they lack interest.

Other reasons include it being too confusing (24%) and others believing that it is a scam (19%).

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!