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# New study suggests that Ether is more popular than Bitcoin in Singapore
- URL: https://btcpeers.com/new-study-suggests-that-ether-is-more-popular-than-bitcoin-in-singapore-2/
- Published: 2021-08-16T21:24:45.000Z
- Updated: 2023-09-24T15:43:42.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Singaporeans seem to be enjoying the dividends of being a [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/)\-friendly country. According to “The State of Crypto in Singapore Report 2021” recently conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, more than 60% of the nation’s citizens have invested in cryptocurrencies.

4,348 adults based in Singapore with interests in finance and investments products were sampled. The results reveal that 67% of the respondents currently own crypto assets. Further investigations showed that 20% of the crypto holders were female, with the average crypto holder being a *“29-year-old male with an average annual household income of about 51,968 Singapore dollars ($38,456) a year.”*

Taking into consideration how these crypto investments are distributed, Ethereum appears to be the most preferred crypto, with 78% of crypto holders in the country owning Ether. This is closely followed by Bitcoin’s 69%.

The top two are followed by Cardano (ADA) and Binance Coin (BNB) with 40% and 31%, respectively. Only one in four investors hold XRP and Tether (USDT), according to the survey.

The report also revealed that the COVID-19 pandemic helped raise people’s interests in crypto, with 67% of crypto holders investing during the pandemic as a measure to curb inflation.

Singapore is establishing itself as a hub for crypto and blockchain in the Asia Pacific region, with a zero capital gains tax on cryptocurrency income. However, the fear of the unknown has deterred many non-crypto users from investing in digital assets.