2 in 3 Singaporean retail investors now hold crypto: survey

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.

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