Women make up only 15% of bitcoin traders, highlighting the crypto world’s glaring gender imbalance
- Date: 05-Feb-2021
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
Women make up only 15% of bitcoin traders, highlighting the crypto world’s glaring gender imbalance
Only 15% of bitcoin traders are women, highlighting a massive gender imbalance in the world of cryptocurrency, according to new data from investment platform eToro.
While the percentage of female investors slightly increased from 10% at the beginning of 2020, indicating a demographic change amid a surge in the price of bitcoin, the number remains dismal.
The price of Bitcoin skyrocketed in 2020, prompting a wave of new investors to sign up to various trading platforms. Yet, new data reveals that the interest in cryptocurrencies still comes largely from men. The asset rose to nearly $30,000 at the end of the year, continuing its rise in early January, when it hit an all-time high of $41,826 in early January.
The situation is similar with ethereum, which saw the percentage of female investors rise slightly to 12% from 11% at the beginning of 2020.
"Technology is enabling more women to invest," Heloise Greef, a researcher at Oxford University who has been using eToro since 2016, told Insider. "Investing has typically been a preserve for an elite club but now that much of this has been pushed online by the pandemic, anyone with a thematic interest can join."
In December, eToro reported that women were signing up