Crypto interest among investors in Singapore is soaring, according to a new survey by Sygnum. The Future Finance 2024 survey conducted by the global digital asset banking group revealed that 57% of institutional investors in the Little Red Dot (Singapore’s nickname) plan to increase their crypto holdings in the next year, higher than the global average of 47%.
“Singaporean investors on average show a higher risk appetite and investment motivation compared to respondents from other countries,” Sygnum said in its report.
The growing confidence in digital assets as an investor is also due to regulatory uncertainty no longer being a major barrier for Singaporean investors. 75% believe that regulatory clarity around the digital asset industry will continue to improve. Crypto ETFs are another stimulant to increased investment, with 73% citing the product as a confidence booster for the asset class. #BTC☀ #Altacoins
