Crypto investments by women on the rise; a look at latest trends

cnbctv18.com:

The number of women investors in cryptocurrency is on the rise and nearly one in every three women plans to start investing in the digital asset this year, per a survey conducted ahead of International Women’s Day celebrated worldwide on March 8.There has also been a sharp rise in awareness of crypto. The percentage of women who claimed to know how to buy crypto nearly doubled to almost 45 percent from 23 percent six months ago, per the survey done in January by US-based financial services firm BlockFi.According to BlockFi, while 33 percent of the women surveyed are keen to buy crypto assets in 2022, around 60 percent of them intend to do so within the next few months.

In a similar survey conducted by BlockFi in September 2021, only around 29 percent of the women had expressed interest in making crypto purchases in 2022.Also Read| Women warriors in crypto taking the 'Crypto Bro' culture head onIndia headquartered crypto exchange BuyUcoin has also pointed out a sharp spike of almost 130 percent year on year (YoY) in the number of women investors. The average investment size is around Rs 18,000-19,000, per an article in the Economic Times that cited the BuyUcoin study.Another interesting trend highlighted by BuyUcoin is that three out of every five women users are in the age group of 18 to 35.

This suggests millennial women are more enthusiastic about crypto and better involved in these investments. Around 40 percent of the women invested in crypto were between 25 and 34 years of age, whereas those between 35 and 40 comprised only 30 percent of the chunk.BuyUcoin data shows female entrepreneurs and professionals are more invested in crypto, with engineers, doctors, CAs, financial advisors, teachers, and lawyers dabbling in