+34
Singapore is the 10th most crypto aware country, according to a new study.
The crypto opportunity is there for the taking, especially because it is not limited by geographical boundaries. But, more than others, seem to be rising to the occasion and making hay while the sun shines.
To examine which countries have the most interest in crypto, comparison platform BrokerChooser analysed their own and other data to find out which countries are best at 'adopting' crypto.With a score of 3.72/10, Singapore is the 10th most crypto aware country, according to this, behind countries like Nigeria, South Africa, Kenya and Russia, but still ahead of Brazil, Canada and Hong Kong. Detailed ranking of countries by their crypto searches, ownership and adoption rate adding up to the total awareness ranking. Ukraine, with a total score of 7.97, is the world leader in cryptocurrency awareness, followed by Russia coming in a close second with a score of 7.46.The number of crypto owners appears to be the highest in India, Russia and Nigeria but one must consider the percentage of ownership and adoption rate relative to the population. Even on this parameter Ukraine scores the highest, with 12.73 per cent of the population turning to crypto. About 121,854 Singaporeans are crypto owners which amounts to 2.08 per cent of the population. However, the adoption rate of crypto in Singapore falls far short of that of US and Russia's .Key cryptocurrency-related search terms have had the greatest role to play in determining the total global searches over the last 12 months. Some of the highest-searched terms and queries include ‘cryptocurrency’, ‘what cryptocurrency to invest in’ and ‘cryptocurrency trading’.The available data on parameters such as the number of crypto owners, the global crypto adoption index, and search frequency was assessed against the population of each country. A combination of all these factors resulted in a crypto awareness score, which ranks countries according to their population's interest and awareness of cryptocurrency and its trading.
Please follow us on Google to support usSingapore Latest News, Singapore Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
US to open border with Canada starting in early NovemberWASHINGTON: The United States will open its border with Canada to vaccinated Canadians starting in early November, three US lawmakers said on Tuesday (Oct 12). Department of Homeland Security Secretary Alejandro Mayorkas has confirmed the plans, US Senate Majority Leader Chuck Schumer said on Tuesday.
Read more »
Binance to halt Chinese yuan trading amid Beijing's crypto crackdownSHANGHAI : Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world's largest exchange by tra
Read more »
Singapore unexpectedly tightens monetary policy as price pressures growSINGAPORE (Reuters) -Singapore's central bank unexpectedly tightened monetary policy on Thursday, saying the move would ensure medium-term price stability amid mounting cost pressures caused by supply constraints and the global recovery. The Monetary Authority of Singapore (MAS) manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. 'This appreciation path for the S$NEER policy band will ensure price stability over the medium term while recognising the risks to the economic recovery,' the MAS said in its statement.
Read more »
Mexico, Canada remain unbeaten in World Cup qualifyingMexico claimed a 2-0 win at El Salvador on Wednesday while Canada thrashed Panama 4-1 at home as both teams remained unbeaten in CONCACAF qualifying for the 2022 World Cup.Leaders Mexico are on 14 points from six matches, three points clear of the United States, who beat Costa Rica 2-1. Canada, bidding to
Read more »