Number of female crypto investors in India rises by 1400%

National, March 2021: It is an unfortunate fact that financial markets are dominated by men all over the world. While trends may differ from country to country, with several economies in the West seeing a lot of female participation in the financial sector, this is particularly the case in developing economies. India is a good example of this, where, according to a survey carried out by the Central Depository Services Ltd (CDSL) a few years ago, 76% of individual trading and demat accounts are owned by men. Thus, there is a lot of work that needs to take place in terms of financial inclusion for women in India. In this regard, cryptocurrencies could be a game-changer – while the overall participation in the crypto industry in India for women is still around 15-20%, in terms of new investors over the last 12 months, female investors have increased by around 1400%, which is a comparable rate to male investors.

Of course, this was largely down to the frenzy that developed in India following the Supreme Court’s decision, in March 2020, to overturn the April 2018 ban placed on cryptocurrency trading by the Reserve Bank of India. Investors flooded into the crypto markets in the aftermath, and these were both male and female in almost equal measure. It is also interesting to note that according to patterns seen on Indian crypto exchanges, female investors are not just interested in Bitcoin, but also Ethereum, Ripple, Tether and Cardano. Those who follow the crypto markets will know that Ethereum, in particular, has been in demand not just in financial markets, but elsewhere as well due to its underlying blockchain. The Ethereum blockchain has smart contract functionality, which makes it extremely attractive for various businesses, and could be the reason for the Ether token to be the most valuable crypto token, ahead of Bitcoin, in the years to come. Various businesses have already begun using Ethereum in different ways, such as the online gambling sector, where Ethereum has been attracting players who want to place bets on their favourite casino games via the token. The https://winz.io/ casino offers a large selection of Ethereum games, while the underlying blockchain ensures that these games are fair, and that transactions are safe, anonymous, quick and reliable. Thus, interest in tokens such as Ethereum is only set to grow, and it is encouraging that female crypto investors seem to be catching on to this trend.

Female investors seem to be backing tokens that have strong fundamentals, and that is certainly the case for Ethereum, as described above. According to Shivam Thakral, the CEO of BuyUCoin, the number of female traders and investors in crypto in India is expected to increase by nearly five times in 2021. Most new investors are coming from the urban centres in states such as Maharashtra, Tamil Nadu, Karnataka and Delhi, while in terms of age, over 80% of Indian female investors are less than 44 years old. This reflects the broader investor pattern as well, with younger people from the cities showing the most interest in crypto so far. The percentage of female investors has already increased to 20% as of March 2021, compared to 15% at the end of 2020, and therefore we can see how rapidly more and more females are entering the cryptocurrency space. Women earning more are also much more likely to invest in cryptocurrencies.

Cryptocurrencies are helping democratize the process of investment all over the world, and the biggest impact is being seen in terms of the number of women who are investing in this space. This is an extremely encouraging trend, and looks set to continue in the coming weeks and months in India and elsewhere.