Cryptocurrency has evolved into a sector that has started to attract investment from a large group of women from around the world. In a new report, eToro has stated that cryptocurrency is the second most owned financial asset by women, behind cash. In the last two quarters of 2022 — between July and December — women’s crypto holdings jumped from 29 percent to 34 percent. Over the same period, men’s crypto investments increased by just 1 percent.
The Israeli online brokerage platform included 10,000 participants from a total of thirteen nations as part of its Retail Investor Beat survey.
“crypto succeeds where traditional financial markets have sometimes failed,” CoinTelegraph saidciting eToro’s report.
The increasing participation of women in the crypto sector has also recently been highlighted and recognized by Indian exchanges CoinSwitch Kuber and WazirX.
acc CoinSwitchfemale users from India accounted for eight percent of the total transactions recorded last year.
WazirXclaimed in his findings that Indian women have chosen “blue chip tokens” which are believed to achieve higher values with better liquidity values over the long term.
Despite cryptocurrencies Although the sector has not remained in the best of shape over the past few months, the sector has welcomed a significant number of new entrants.
Over the past year, total crypto holdings grew from 36 percent to 39 percent quarter-on-quarter despite the industry going through major turmoil.
Together with female investors retail investor also get on the crypto wagon. The crypto holdings of private investors between the ages of 35 and 54 have also grown by ten percent in the past year.
As for eToro, it acquired options trading platform Gatsby in August to expand its presence and crypto services in the United States. The deal was completed for $50 million (approximately Rs.400 billion) in cash and common stock.
Headquartered in Tel Aviv, Israel, eToro started in 2007 as a fintech company that shifted to the crypto sphere as its business developed.
