Almost since its inception, the crypto-industry has been one which is heavily dominated by men. The gender inequality in this space is rather shocking but men have clearly emerged as the early adopters. Almost a decade down the line, however, women have started catching up. Report from the London Block Exchange points out that the number of women interested in cryptocurrency investments has doubled over the past six months!
The report reveals that one out of eight women (13%) of women would now prefer investing in cryptocurrencies. This number has significantly risen from late-2017 when it was just 6%. Moreover, another interesting tidbit from this report is that millennial women are particularly enthusiastic about investing in cryptos where one out of five (20%) of women are interested.
Cryptocurrencies have been a male-dominated industry for quite some time now, but of late women have been making significant strides in the crypto business. With ladies such as Alesia Haas, the Coinbase CFO, acting as inspiring role models, expect many other major crypto firms to soon get more women at the top job. The likes of Amber Baldet, Linda Xie, and Preethi Kasireedy have made quite an impact and are among the top names when it comes to women in crypto.
Interestingly, this report from the London Block Exchange also shows the difference in the way men and women invest. Women, reportedly, take a more strategic approach when it comes to investing in cryptocurrencies and are much less likely to fall victim to the FOMO (Fear Of Missing Out) investments. Moreover, the report also highlights that women are more likely to consult others before investing - while men would rather make a solo decision.
A report from eToro earlier this year showed that cryptocurrencies are a massively male-dominated industry with over 91.5% of all investors being male. However, it looks like considering the last six months, this dynamic is rapidly changing. The London Block Exchange carries out various such surveys from time to time and has been a credible source of such reports in the past. London Block Exchange’s senior business analyst Agnes de Roeyer commented, saying:
“There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female.”
The aforementioned eToro survey from earlier this year pointed out that women are more likely to invest in Ripple than in other cryptocurrencies. Women show a strong affinity towards XRP as well as NEO and men tend to show more affinity towards ETH, LTC, and BCH. That survey also pointed out that 82% traders are beginners and first-time traders, while 11% are classified as having intermediate experience and the remaining 7% are actually experienced crypto traders.
The London Block Exchange survey showcases that there has been a progress in the level of interest that women have shown when it comes to investing in cryptocurrencies. It will be interesting to see if this trend continues to rise over the next six months too.
