How new investors can break into the 'daunting' crypto market

Aside from education, Mr Ting also recommended people look into security.

Platforms will have different processes behind trading arrangements, so new investors should give their chosen provider a good vetting.

Mr Ting said: "Investors should also ensure that the platforms they trade on use a robust asset selection process that includes proper analysis and vetting, rigorous compliance, legal, and security reviews.

"This filters out crypto assets that are either poorly designed or possible scams, ensuring that any asset that ends up on the exchange is safe for anyone to trade it.”