A survey by MoneyHero and Coinbase shows that 61% of finance-savvy investors in Singapore prioritize trust over fees when selecting crypto exchanges. 58% identify as long-term holders, with an average of three tokens per holder. This signals a shift towards valuing regulation, security, and long-term conviction in the crypto market.

The survey results indicate a 61% ownership rate among finance-savvy Singaporeans, suggesting that cryptocurrency is no longer a niche market. 27% of non-holders express interest in investing within the next 12 months, showing room for growth. 44% perceive crypto as an asset, while 29% view it as a tool for speculation.

Social media is a primary source of crypto education for 62% of survey respondents, followed by friends and family at 55%, and news and media at 43%. While 48% are confident in their crypto knowledge, 52% feel less confident. Exchange blogs are the primary educational source for 27% of respondents.

Singapore, known for its progressive financial hub status, enacted the Payment Services Act in 2020, defining digital payment tokens. In June, local crypto firms were ordered to cease overseas activities targeting foreign markets or face steep penalties. More recently, Singapore signaled a forthcoming regulation of unregulated stablecoins due to stability concerns.

Read more at Cointelegraph: Singapore Retail Investors Prioritize Trust Over Fees