Growing Number of Women Are Now Trading Bitcoin; Average Age of Investors Is Falling
Only 15% of Bitcoin traders are women, according to a survey by the brokerage service provider eToro.
While this shows a gender disparity in the world of cryptocurrencies, the number of women investing in the crypto is increasing. Women investing in Bitcoin (BTC) and Ethereum (ETH) made up 10% and 11% respectively in early 2020, but it increased to 15% and 12% over the past year, respectively.
A poll run by a trader on Crypto Twitter (CT) also reveals that just over 8% of the traders are female.
I'm curious about crypto trader demographics. What's your gender?
— The Crypto Dog📈 (@TheCryptoDog) February 5, 2021
Amidst the ongoing bull mania, the subscriber number on the platform has also skyrocketed. eToro users more than doubled over the past year while their average age is falling.
For Bitcoin, the average age of investors has dropped from 37 in 2017 to now 35. As for average Ethereum investors, it has dropped from 35 to 32 over the same period.
“The great attractiveness of the cryptocurrency sector is increasingly reflected in the diversification of the investor base,” said Simon Peters, market analyst, and cryptocurrency expert at eToro.
Diversification is also increasingly seen in crypto assets. While trading activity jumped 167% in Bitcoin to become the most popular cryptocurrency among eToro clients, Ether is at 2nd spot but with a 313% change in its trade activity.
XRP is the only one with a -53% change. Cardano’s (ADA) jump in prices has made the digital asset the 3rd most popular crypto and seeing an increase of 252% in its trading activity.
Other popular cryptos on the platform are Stellar (XLM), Litecoin (LTC), Bitcoin Cash (BCH), Dash, MIOTA, and Tron (TRX).