Crypto exchanges see a surge in women investors

moneycontrol.com:

In the otherwise male-dominated world of finance, cryptocurrency exchanges saw a sharp rise in the number of women investors over the year, indicating that young women investors are now increasingly shifting from gold to digital assets. Experts believe that not only investors, but even women entrepreneurs are coming to the fore in the crypto industry , given that it is not weighed down by inequalities.

According to data shared by crypto exchange CoinSwitch, there was a spike of 500% between January 2021 and January 2022 in the total number of women registered in the user base.

Crypto exchange Bitay also saw an increase in women investors and called it a constant trend, adding that it has been more prominent in cities such as Delhi NCR, Mumbai and Bengaluru.

Also Read: India must stop blowing hot and cold on crypto regulation

WazirX also saw a marginal increase in women investors compared to last year. The exchange’s 2021 year-end report showed that Bitcoin was a huge favourite among women whereas men preferred Shiba Inu. The exchange also noted that women in crypto have increased by over 1,000% on its platform between January and November 2021.

Another popular exchange, CoinDCX, said that while the industry is largely male-dominated, there has been a constant increase in women as their number grew 50% on its platform year on year.

According to CoinDCX’s EVP-growth and strategy Minal Thukral, this adoption has seen maximum participation from the 25-45 age group (almost 60%) and 80% of these are from Tier 1 cities.

Similarly, crypto exchange BuyUcoin saw an increase of 20% in women investing in crypto over the last year.

Data from digital assets trading platform OroPocket also reveals that the number of women investors in