Singapore’s ‘finance-savvy’ Crypto Retail Prefers Trust Over Low...

Survey data points to cautious allocations, long-term holding and a preference for regulated platforms as Singapore’s retail market continues to mature.

Singapore’s retail crypto market is entering a new phase of maturity, as traders are increasingly prioritizing trustworthy platforms over those with lower fees, according to a new survey.

On Thursday, a joint survey by finance platform MoneyHero and crypto exchange Coinbase revealed that 61% of “finance-savvy” investors in Singapore now hold crypto, with trust emerging as their primary deciding factor for selecting exchanges, outranking fees.

The data suggests that the city-state’s crypto ecosystem is evolving beyond chasing the cheapest exchange to placing value on regulated frameworks, security and long-term conviction.

The study, which surveyed 3,513 retail investors and crypto-curious Singaporeans, also found that 58% self-identify as long-term holders, while 42% have held investments for over two years.

In addition, the data showed that respondents have kept their crypto under 10% of their overall portfolios, with an average of three tokens per holder, suggesting that investors balance discipline with diversification.

The survey’s results show a sign of deeper adoption in the region. A 61% ownership rate among finance-savvy Singaporeans indicates that cryptocurrency is no longer a niche market.

According to the survey, 27% of non-holders expressed interest in investing in the next 12 months. This shows that there’s also room for growth in the region.

In terms of how investors view crypto, the survey results showed a split. Forty-four % of the respondents said they perceive cryptocurrency as an asset, while 29% said they view it as a tool for speculation.

When it comes to education, social media was touted as one of the major sources of information for the respondents.

Source: CoinTelegraph