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Report Suggests Women in Crypto is on the Rise

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July 31, 2019 | 

665 Views | 

Darryn Pollock | 

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Traditionally, the cryptocurrency and blockchain industry has been viewed as a male dominated space with previous estimates suggesting that as little as 10 percent of people operating in the space, and using cryptocurrencies, were women.

However, a new report published by fintech firm Bitpanda and market research company GlobalWebIndex, focusing on Europe, has revealed far more pleasing results. With respect to people holding crypto, the report finds that among European crypto holders, 78 percent are male and 22 percent female.  

A different world for females

That piece of information then breaks down to spell out a different world for the holders of cryptocurrency that are female. 

The report spells out that more often than not, those females who are holding cryptocurrency are usually bigger earners. A female crypto hoder is 21 percent more likely to be in the top 10 percent of earners, this compared to 16 percent of men.

Additionally, a cryptocurrency holder is three-times more likely to be in the top 10 percent of earners compared to the ‘average woman’

The rest of the data basically spells out that women cryptocurrency holders are further removed from non-crypto holding women, when it comes to interest in areas such as computers, coding, tech, gambling and finance. 

Savvy countries

The report also looked into the breakdown ofEuropean countries and concluded that European markets with younger, more affluent and online populations tend to have more crypto holders. Switzerland topped the list whereas London came in a surprisingly low 11th. 

Most of the data reiterated previous stereotypes of cryptocurrency users that were already well known. It is those in affluent areas with high dependence on tech that are more likely to hold crypto. Additionally, it is still the millennial generation that is leading the way in terms of an age demographic.

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