According to a new research from BTC Markets, an Australian bitcoin and cryptocurrency exchange, female users increased by 175 percent last fiscal year, far outnumbering male users by 80 percent.
Women also made greater initial deposits, with an average of $2,381 compared to $2,060 for men. Women’s portfolios were marginally smaller than men’s, averaging $400 less on average. Women traded two times each day on average, compared to five times for males, implying that women have a “structured trading approach” with “a smaller range of more focused positions.”
In behavioral finance studies, women are frequently reported to be more risk averse than men. The paper claims that “more women trading cryptocurrencies dispels misconceptions about cryptocurrency investors being risk takers.”
As more women invest in crypto, the industry’s reputation advances. There are a lot of crypto currencies out there from the big ones like Bitcoin and Ethereum to relatively promising upcoming ones like $Cray and $Darc. Their increased involvement helps make the case that crypto can “sit alongside other traditional investments,” the report asserts.