Women to increasingly invest in cryptos

June 11, 2018
Chris Wheal

Research from UK crypto exchange London Block Exchange (LBE) suggests women are increasingly investing in digital currencies.

Figures from LBE indicate that the proportion of women interested in crypto investing has risen from 6% to 13% over the past six months.

Millennial investment

The survey highlighted a jump in interest from millennials; in particular, women within this cohort appear more likely to invest in cryptos.

Around 20% of female millennials are thought to be inclined to invest in cryptos.

“There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female,” commented LBE analyst Agnes de Roeyer.

The report also suggested that interest in cryptos among men had plateaued.

Women embrace cryptos

Women embrace cryptos: pic from shutterstock

Phenomenon

Interestingly, the LBE research indicated that women may be 50% less prone to suffer from the “fear of missing out”, a phenomenon that’s been attributed to partly explain last year’s huge rise in crypto prices as investors piled into the market.

It also suggested that women are more likely to consult family and friends about potential investments as compared with men.

Recent research from crypto exchange etoro suggested that crypto investing was overwhelmingly dominated by men, with males accounting for around 91.5% of all crypto investors.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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