Singaporean investors choose trust over low fees
Date: 2025-11-21 Author: Henry Casey Categories: IN WORLD
According to a recent study, 61% of Singaporean investors own cryptocurrencies. Trust, not just fees, was a key factor in choosing a trading platform. Fifty-eight percent of survey respondents consider themselves long-term cryptocurrency holders, and 42% have been investing in cryptocurrency for more than two years. The average investor allocates less than 10% of their portfolio to digital assets and holds about three different cryptocurrencies to reduce risk and diversify their investments.
Of those who have not yet acquired cryptocurrency, 27% plan to do so within the next year. Investors are divided on cryptocurrency: 44% consider it a viable investment tool, while 29% view it merely as a means of speculation.
Interestingly, social media was the primary source of information about cryptocurrencies for 62% of respondents, increasing the risk of receiving inaccurate information. Fifty-five percent rely on advice from friends and family, 43% follow news through the media, and 27% research cryptocurrency through crypto exchange blogs. A total of 3,513 adult residents of Singapore participated in the survey.
In June of this year, the country's regulator, the Monetary Authority of Singapore (MAS), required all local companies providing cryptocurrency services to foreign clients to obtain a license. Violators face fines of up to $200,000 or imprisonment for up to seven years. That same month, the MAS tightened its rules for verifying the sources of income of crypto investors and increased oversight of digital asset transactions.
Experts note that the growing popularity of cryptocurrencies in Singapore is accompanied by increased regulatory scrutiny, making trust in platforms a crucial factor for investors. Taken together, the research data shows that the Singaporean cryptocurrency market is becoming more mature, with investors willing to diversify their portfolios, prioritize security, and carefully select platforms for trading digital assets.
