Race to become millionaire: Women investing more in cryptocurrency than men
Talking to Economic Times, Gaurav Dahake, Co-founder, BitBns said that "More than half of them are keenly exploring multiple investment products rather than just indulging in trading and cryptocurrency,"
New Delhi: Cryptocurrency is the new trend and the whole world is going crypto-way. As it is proving to be one of the biggest disruptions to traditional finance, a huge number of people have started to start investing in some cryptocurrencies this year.
According to a survey, women are better at managing money than men and believe that financial independence is of utmost importance to them.
Women investors outperformed their male counterparts, earning 10 per cent more returns over the last four years, depicts the survey.
According to a CoinSwitch Kuber report, women form merely 15% of their user base.
Talking to Economic Times, Gaurav Dahake, Co-founder, BitBns said that “More than half of them are keenly exploring multiple investment products rather than just indulging in trading and cryptocurrency,”
Gaurav Dahake, Co-founder, BitBns, in a statement to Economic Times said that at least 20 per cent of their investor base are women. “More than half of them are keenly exploring multiple investment products rather than just indulging in trading and cryptocurrency,” he added.
WazirX, a crypto exchange platform has registered a 1,355 per cent rise in women investors since 2020. According to the report, 63 per cent of women traders are less than 34 years old and about 82 per cent are less than 44 years old in India.
Another crypto exchange BuyUcoin, which has about four lakh users in India, witnessed a 1,040 per cent rise in the number of women investors in the same period.
Other popular exchanges in India have an overall percentage of women investors in the range of 15-20 per cent.
Interestingly, more women investors are trading in cryptocurrency than men. Over the last one year, new women investors on Indian crypto platforms has surged by nearly 1,400 per cent, compared to new male investors.