India ranks second in crypto adoption, mostly young investors constitute a larger section of crypto investors. However, women form only a small part of this growing group. While there was a growing number of female crypto investors at the beginning of the year 2021, as reported by Mint, the trend seems to have retarded gradually.
Lower Number Of Investors On National and Global Level
According to CoinDCX, an Indian crypto exchange, only 15 per cent of their current investors are women. This section of female crypto investors is majorly comprised of women from metro cities like Delhi, Bengaluru, Hyderabad, Pune and Lucknow
As per the data of other crypto exchanges, the percentage of women investors has been considerably low. Unocoin and Coinswitch Kuber also noted that hardly 15 per cent of their investors are women. The number is even low as per the data of Bitbns and CrossTower (launched three months ago), which report that they have only 10 per cent of women investors on their platforms as of December 2021.
The trend is no different on a global level. Women form only a small percentage of the total number of crypto investors.
A 2021 survey by Independent Reserve바카라s Cryptocurrency Index (IRCI) conducted over 2,000 Australians found that the number of women who currently or have previously invested in cryptocurrencies has risen but still is less than one-fourth of all바카라the number has gone up from 10.3 per cent in 2020 to 20 per cent in 2021. Even in the US, the number of female crypto investors is considerably low as compared to the number of male investors, according to a study conducted by CNBC and Acorn, an investing platform.
Risk-aware Nature
Various studies into investing behaviour have found that women tend to take more time to study the options and are risk-averse or risk-aware. Age also plays a role. For example, a survey conducted among 28,000 women by digital platform Groww found that young women investors in India have bigger risk appetites than older investors바카라those in the age group of 18-25 years are three times more likely to choose a high-risk, high-return asset class like stocks over traditional investment options like a fixed deposit.
Priya Ratnam, 34, a Bengaluru-based woman cryptocurrency investor and also CEO of Avisa Games Guild, a gaming company says there are few women role models for crypto investors, 바카라which deters the enthusiasm바카라.
Ratnam adds that while cryptocurrency investing is dominated by men, the risks are there for everyone, irrespective of gender. 바카라Cryptocurrencies involve a lot of volatility and security risk. There are lots of delays in withdrawals/deposits and operational issues, which are concerning for investors,바카라 she says.
Cryptocurrencies are a new asset class and need a lot of understanding before a person can make an informed decision. Moreover, there has been a growing concern among crypto investors in India, till the government comes up with the crypto regulation bill. 바카라Investing that kind of time in researching cryptos could be an issue for women who have a lot of family responsibilities,바카라 she says. Ratnam adds that it has been a roller-coaster ride for her. 바카라Buckle up properly to make the ride smooth. Plan and manage things strategically as women do.바카라
In a blog on femmemoney.com, Elena Nair, a US-based Certified Financial Education Instructor, says that women tend to trade less frequently (in all investment options). 바카라The key to successful investing is remembering that you바카라re in it for the long term and women are better in the trade as they do it less frequently,바카라 she writes.
Research, Safety Come First
Fundamentals of investing remain the same across asset classes, and genders. Research is important before investing in anything. 바카라Investing in crypto assets requires research into the blockchain protocols and the related tokens. Both men and women curious about Web 3.0 may consider investing in crypto assets as part of their overall investment objective. Before investing, it is important to do thorough research,바카라 says Kristin Boggiano, co-Founder and president of CrossTower, a digital currency exchange.
While crypto exchanges do not provide any specific incentives to encourage women to invest in cryptocurrencies, some have launched initiatives to educate female investors about the new digital world. 바카라We will continue to induct more women into the financial ecosystem and assist them in making informed decisions through our investor education initiatives,바카라 says Sharan Nair, chief business officer, Coinswitch Kuber.
