Singapore Crypto Investors Choose Trust, Compliance Over Fees
According to a joint MoneyHero and Coinbase survey of 3,513 finance-savvy Singaporeans, 61% now hold cryptocurrency. Singapore crypto investors rank trust, regulatory compliance and security above low trading fees when choosing exchanges. Among holders, 58% identify as long-term investors and 42% have held assets for over two years. Respondents limit crypto to under 10% of their portfolios and diversify across an average of three tokens.
Of non-holders, 27% plan to buy within 12 months. Opinions on crypto vary: 44% view it as an asset and 29% as a speculative tool. Social media (62%), friends and family (55%) and news outlets (43%) are leading information sources, though half feel uncertain about their knowledge. Under Singapore’s 2020 Payment Services Act, regulators have tightened oversight of unregulated stablecoins and overseas marketing. For traders, the shift by Singapore crypto investors towards trust and regulation signals greater market stability and potential institutional growth.
Bullish
The survey highlights a clear preference among Singapore crypto investors for trustworthy and regulated platforms over low fees. This emphasis on compliance and security supports healthier market behavior and reduces volatility risks associated with speculative trading. Disciplined portfolio allocations and long-term holding trends indicate growing investor confidence and resilience. Tightened regulations under the Payment Services Act further bolster exchange credibility. Together, these factors could drive increased institutional participation and sustained bullish momentum in the Singapore crypto market.