Cryptocurrency Investment among Women Doubles, Reflecting Global Trends

Global trends toward investing in cryptocurrency among the women

Cryptocurrency Investment among Women Doubles, Reflecting Global Trends

Research conducted by Arcane stated that the number of Norway women invested in cryptocurrency has doubled from 3% to 6% in one year. 

The survey was conducted with 1000 Norwegians aged 15 and older.  An online survey was performed in partnership with NORSTAT.  Norstat is one of the top data collectors for market research services in Northern Europe.

Almost two-thirds of all female respondents stated that they preferably bought cryptocurrency in 2021. The gender gap in Norwegian crypto ownership had been enlarging, with female ownership steady at 3% from 2019 to 6% in early 2021.  Male ownership has risen from 6% in 2019 to 14% in 2022.

The survey discovered that around 420,000 Norwegian people own some type of cryptocurrency. It is approximately 10% of people own cryptocurrency, and cryptocurrency ownership is doubling in Norwegian since 2018.

Norway is not the only country the cryptocurrency trend is rising among women. Global ownership of crypto persists to rise. 

Independent Reserve, an Australian-based cryptocurrency exchange discovered that the number of Australian women investing in crypto had also doubled from 10% in 2020 to 20% by late-2021.

Kucoin, a cryptocurrency exchange stated a survey report in 2022 in Turkey. Male and Female cryptocurrency investors rising in Turkey. Women account for nearly half (47%) of all crypto investors and denote 63% of the “crypto-curious” demographic.

 Florian Döhnert-Breyer, the managing director of German crypto fund F5 Crypto said that Germany will become be seen as a role model for the wider adoption of crypto investing.

Germany is the largest country in the EU with a notoriously risk-averse idea of financial assets, and it has a unique role to play.

The high number of women curious about crypto is boosting as this target group is, on average, less active in the financial market (e.g., stock market).

A study by Grayscale from 2019 demonstrates that females tend to be more risk-averse investors, a reason often noted as a partial reason for the gender gap between the number of female and male crypto investors. The trend toward more equal participation in crypto is looking optimistic.