11 months ago

Despite being a minority among investors, women in India actually spend on cryptocurrency twice more than men do. A recently released survey also found out that the majority of crypto traders are from big cities like Delhi or Mumbai.

Female investors are a firm minority in India just like anywhere else. Nevertheless, what sets Indian women apart from many other, is their willingness to spend significantly more money on cryptocurrency than their male colleagues. According to a survey conducted by Buyucoin exchange, female traders spend more than Rs.140,000 on average (>$2,000 USD), whereas Indian men invest half of that, around Rs.70,000, Crypto News reported.

Another interesting finding is related to the age at which most Indians enter the cryptocurrency world. For male investors that’s 30 years, and for women – around 40. “Usually, woman investors who are buying or trading are over 40 years of age. Typically these are mature investors who are able to put in more money,” Buyucoin CEO, Shivam Thakral, said to Quartz. “On the other hand, more men start investing at an early age with the average age for this group being 30”.