6 in 10 Singaporeans spend over $500 on first crypto buy
Monthly, crypto investors spend $500+ towards their portfolio.
Singaporeans have a healthy appetite for crypto investment, with more than half (65%) spending more than $500 on their first crypto purchase.
Data from the Independent Reserve showed that about a quarter (22%) of Singaporeans even spend $101-$500 for their initial crypto investments.
Some (21%) spend $1,001 - $5000.
Every month, the Independent Reserve found that 41% of current crypto investors still invest about $500+ towards their portfolio.
Only a few (18%) invest more than $1,000 monthly, declining by five percentage points from 2022.