Women Leading the Pack
Although the cryptocurrency industry is heavily dominated by men, the BuyUCoin survey found that Indian women typically invest over $2,000 on cryptocurrencies, twice what men usually invest. The survey was conducted in 2018 between March and June 2018 with over 60,000 participants.
“Usually, women investors who are buying or trading are over 40 years of age,” said Shivam Thakral, BuyUcoin’s CEO as he spoke to Quartz. “Therefore, typically these mature investors can put in more money. Alternatively, more men start investing at an early age with the average age for this investor group being 30.”
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.