Investing Updates: More than 6 in 10 retail investors in Singapore hold crypto, but allocation size conservative: survey

Source:

https://www.businesstimes.com.sg/companies-markets/more-6-10-retail-investors-singapore-hold-crypto-allocation-size-conservative-survey

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A new joint study by SingSaver and Coinbase shows that 61% of retail investors in Singapore hold cryptocurrency, but their exposure remains cautious. Most crypto holders keep allocations small: 74% allocate less than 10% of their total assets to crypto, while only 8% invest more than 25%. The median investor portfolio is between S$3,000 and S$5,000, and the average holder owns about three cryptocurrencies, with diversification common but still concentrated in major coins.

The report describes investors as “ambitious but cautious,” noting that over half identify as HODLers, signalling long-term conviction in crypto’s value. Meanwhile, 20% trade actively and 22% trade occasionally. This aligns with diverging perceptions of crypto: 44% view it as an asset, while 29% see it as a speculative tool, highlighting crypto’s dual identity in the market.

Crypto adoption is driven heavily by younger investors. Over 70% of holders are aged 18 to 34, with equal representation between the 18–25 and 25–34 age groups. Only 12% of holders are above 45, reinforcing crypto’s appeal among digital-native demographics.

Education remains a challenge. Social media is the dominant source of crypto learning, cited by 62% of respondents, followed by friends, family, and online media or exchange blogs. However, volatility (68%) and knowledge gaps (57%) remain key barriers preventing wider adoption.

Despite these concerns, interest persists: 27% of non-holders plan to invest in the next year, while 33% are undecided. The report concludes that future growth in Singapore’s crypto market depends on improved education, transparency, security, and reliability. Clarifying crypto’s role—whether investment or speculation—will be essential for long-term integration into the financial landscape.