Singaporeans are Bullish on Ethereum than Bitcoin : Survey

A survey in Singapore revealed many shocking facts about crypto holders. Majority of the crypto holders are in Ethereum than in Bitcoin & Cardano. 

Crypto exchange Gemini held a survey in Singapore with the partnership with coinmarketcap website. This survey is based on the 4,338 Singaporean adults who claim that they have interest in financial investment like crypto assets. 

According to this survey, There is one woman in crypto Investment out of five Investors. So 20% of the  females of Singapore have interest in crypto market & Investment. 

In terms of the choice of assets, around two third of the population have Investment in Ethereum. So around 67% have interest in Ethereum assets which is more than the Bitcoin Investors. Around 69% have Investment in Bitcoin, 40% in Cardano & 31% in Binance coin. 

This report also revealed that around 67% surged in the volume of the Investors increased. And this is because of the Covid-19 pandemic situation. Most of the people came to know about crypto more deeply and they Invested their funds to make some earnings by sitting at home. 

It is worth noting that Singapore is already a crypto friendly region of the world. In recent week, the actions taken by the government to allow the license for the crypto companies, because of the huge flow of money by Singapore’s citizens. So MAS tried to protect their citizens from the crypto services which were out of the legal framework and we’re operating their services under payment Act which was not sufficient to give safety for the users and rules that companies should follow like Anti money laundering law.

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