Singaporeans Prefer Trust Over Cheap Fees? Here’s Why!

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Oh, so Singapore’s crypto crowd isn’t just chasing the cheapest fees anymore? Who knew? 💸🤯

MoneyHero and Coinbase are throwing a party, and 61% of Singapore’s finance-savvy investors are there, but they’re not there for the discounts-they’re there for the trust. 🏦✨

The data suggests Singapore’s crypto ecosystem is evolving beyond “cheapest exchange” to “regulated frameworks, security, and long-term conviction.” Like a grown-up choosing a reliable partner over a flashy one. 💼🔒

The study, which surveyed 3,513 retail investors… that’s more than the number of times I’ve tried to understand crypto. 🤷‍♀️

58% are long-term holders, while 42% have been holding for over two years. So, they’re not just here for the hype-they’re here for the long haul. 🕰️

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. Balancing discipline with diversification? Like a well-organized sock drawer, but with more risk. 🧦💥

The survey’s results show a sign of deeper adoption. 61% ownership rate among finance-savvy Singaporeans? So, crypto is no longer a niche market. It’s now the trendy new club everyone wants to join. 🎉

27% of non-holders are interested in investing in the next 12 months. So, if you’re not in, you’re missing out. Or maybe you’re just waiting for the right time. 🕰️

44% see crypto as an asset, 29% as speculation. So, some people are investing, others are gambling. Either way, it’s a wild ride. 🎰

62% cite social media as their primary source for crypto education. Opportunities and risks of misinformation? So, follow the influencers, but don’t believe everything you read. 📱🚫

55% mentioned friends and family, while 43% mentioned news and media. So, it’s a mix of gossip and actual news. 🗞️💬

48% confident in their crypto knowledge, 52% not. So, half the people think they know crypto, the other half are just pretending. 🤡

A progressive but strict regulatory approach

Singapore has long stood out as a finance hub, with low taxes, pro-business regulations, and an AAA rating. But now they’re being strict. 🛑

In 2020, they enacted the PSA… one of the first comprehensive frameworks. So, they’re ahead of the curve. 🚀

Singapore is progressive but strict. They ordered crypto firms to stop overseas activities or face fines up to $200k or 3 years. So, no leniency. 🚨

MAS is shaking out unregulated stablecoins. “Patchy records of keeping their peg”? So, they’re cleaning up the mess. 🧹

Chia Der Jiun said regulations need to be strengthened as stablecoins become more systemic. So, prepare for more rules. 📜

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2025-11-20 14:22