229 views
Photo by André François McKenzie on Unsplash

Crypto adoption further rose in 2022: study

About 20% of adults in Singapore own cryptocurrency.
 
The percentage of Singaporean adults who own cryptocurrency had gone up to 20% in 2022 from 16% last year, data from Finder.com showed. 
 
Of those who own cryptocurrencies, 68% are men, whilst 32% are women.
 
Amongst types of coins, bitcoin was the most popular amongst Singaporeans (33%), followed by Ethereum (26%).

Cryptocurrency specialist at Finder, James Edwards, said the recent regulatory scrutiny toward the asset class may have pushed investors to rush into buying crypto.

“Earlier this year the Monetary Authority of Singapore asked crypto companies to stop mass marketing and issued stark warnings to consumers. It’s possible that some people thought it was their last chance to easily access the market before it becomes heavily regulated,” Edwards said.

“If you are looking to invest in cryptocurrency make sure to use an exchange that’s licensed with the MAS or has in-principle approval,” he added.

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!