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Crypto exchanges see a surge in women investors

Traditionally, women have invested in gold and silver. But younger women are shifting towards digital assets such as cryptocurrencies, non-fungible tokens, or digital gold and silver as they see these assets outperforming traditional investment options.

July 28, 2022 / 12:25 PM IST
Representational image

Representational image

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