More Women Are Investing in Cryptocurrency Than Men, Finds Survey

Over 1000 Percent Rise in Women Crypto Investors

Popular crypto exchange, WazirX has witnessed 1,355 percent rise in women investors since 2020. The platform said that 63 percent of women traders are less than 34 years old and about 82 percent are less than 44 years old in India.

Another crypto exchange BuyUcoin, which has about four lakh users in India, witnessed 1,040 percent rise in the number of women investors in the same period.

Other popular exchanges in India have an overall percentage of women investors in the range of 15-20 percent.

The crypto-exchanges report that this rise has come after the Supreme Court of India had overturned an April 2018 ban on cryptocurrency payments by the Reserve Bank of India (RBI).

The data also indicates that apart from bitcoin, women investors invest in ethereum, ripple, tether and cardano.

A Coin DCX spokesperson in statement said, “We’ve seen a surge in participation from markets like Indore, Bhopal, Shimla, Kochi, Aligarh, Patna, in addition to metro cities. Women investors and traders constitute 15 percent of our total audience base, with the number of women on our platform doubling year-on-year.”

This news is republished from another source. You can check the original article here.

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