Eileen Yu
for By The Way
| August 16, 2021 — 07:38 GMT (08:38 BST)
| Topic: Banking
Fuelled by the COVID-19 pandemic, 67% of personal investors in Singapore say they have expanded their cryptocurrency portfolio, which is more likely to include Ethereum. Some 33% in the country, though, have yet to invest in cryptocurrency, with more than half citing a lack of knowledge as the key reason.
Amongst those who held cryptocurrencies, 78% said they owned Ethereum while 69% had Bitcoin and 40% carried Cardano, according a survey released Monday that polled 4,348 respondents in Singapore, including 2,862 who said their investment portfolio currently included cryptocurrencies. The study was conducted by cryptocurrency platform Gemini, financial platform Seedly, and cryptocurrency price-monitoring site CoinMarketCap.
Respondents were aged between 18 and 65, with an average household income of SG$$51,968 ($38,467). Half of those who owned cryptocurrencies 25 to 34 years old, while 19.8% were 35 and above.
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Security
Eileen Yu
for By The Way
| August 16, 2021 — 07:38 GMT (08:38 BST)
| Topic: Banking