cryptocurrency exchange BuyUCoin, Indian female cryptocurrency investors on average, are investing twice as much as their male counterparts.
BuyUcoin, an Indian cryptocurrency exchange, has found that female Indian investors, on average, invested over Rs1.4 lakh (around $2,000) on digital currencies—twice the amount that men typically spent. The survey, conducted between March and June, had over 60,000 respondents.
Shivam Thakral, BuyUcoin’s CEO, said:
“Usually, woman investors who are buying or trading are over 40 years of age. Therefore, typically these mature investors are able to put in more money. On the other hand, more men start investing at an early age with the average age for this investor group being 30.”
Nevertheless, in terms of pure numbers, men are leading the charts, with over 90% of the investors being male across the entire country.
The survey, however, found that most cryptocurrency investors in India were males with less than 10 percent being female from major cities. Delhi NCR reported the highest number of female investors in relation to male investors at 8.8 percent with Chennai coming in second at 7.5 percent.
Approximately 75 percent of cryptocurrency investments took place in India’s major cities like New Delhi and the National Capital Region, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad, and Kolkata. The survey noted professionals with a decent salary were attracted by the nature and lure of cryptocurrencies.