Coinbase: Most Singaporeans Own Crypto
Cryptocurrencies have entered the mainstream in Singapore with most of the population having at least some exposure to the digital asset, according to a survey by Coinbase.
The majority of Singaporeans (61 percent) own cryptocurrencies, according to a survey jointly published by Coinbase and fintech platform MoneyHero.
Unsurprisingly, younger investors were the dominant segment with those aged 18 to 34 years accounting for 70 percent of crypto holders. By gender, 68 percent were male.
HODL Versus Trading
The majority of owners were long-term investors (58 percent) – a behavior popularly described as HODL or «hold on for dear life». 22 percent and 20 percent were occasional and active traders,…
