Crypto Industry Witnesses Massive Surge in Women Investors

• Crypto ownership among women has risen from 29% in the third quarter of 2022 to 34% in the last quarter.
• According to the survey, cryptocurrencies offer a huge possibility to generate high returns.

The cryptocurrency industry has emerged as a new financial investment opportunity for women across the globe. In recent times, women have been flocking to the crypto domain after realizing the numerous opportunities it offers. A new survey confirms this, revealing that cryptocurrencies are one of the most popular asset classes among women.

According to a recent report from eToro, an Israel-based social trading and multi-asset investment firm, cryptocurrencies are the second most widely used asset type by women after fiat currencies. The survey was conducted among 10,000 global retail investors from 13 countries.

Crypto Plays a Major Role in Women’s Assets

The findings of the study reveal that women are much more admired than men for owning crypto assets. The ownership of crypto has climbed from 29% in the third quarter of 2022 to 34% in the most recent quarter. The data also discloses that cryptocurrencies are succeeding where traditional financial markets have frequently fallen short by drawing in more female investors.

In the fourth quarter of 2022, the adoption of cryptocurrencies among women surged notably. At the same time, crypto ownership among males only increased by 1% during the same period. Further, the percentage of global crypto investors has climbed from 36% to 39% from one quarter to the next, as per eToro.

The survey also disclosed the reason behind the investors’ entry into the cryptocurrency industry. According to 37% of those who responded to the study, the crypto sector is providing a huge opportunity to earn high returns. Also, 34% of them claimed that cryptocurrencies are a transformational asset class because they have high trust in blockchain technology.

Furthermore, several statistics show that women from various countries have been drawn to cryptocurrencies in recent years because they have provided them with greater financial freedom. As a result, they took the initiative to buy crypto assets, particularly in the year 2022. Reportedly, Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH) are the most popular cryptos among women investors.