A new Australian study lays out details about the gender gap in cryptocurrency investing, as well as other demographic imbalances. This article from CCN.com summarizes the study, as well as efforts underway to address imbalances and attain a more diverse and representative base of investors in cryptocurrencies. Click through to read the entire article, to look into the study’s findings, and to join us in continuing to narrow the gender divide and bring women’s strengths to cryptocurrency and blockchain.
A study of Australian cryptocurrency traders has discovered that 8 out of ten are men.
The study examined data from seven cryptocurrency trading exchanges spanning a period of 12 months. More than 83 percent of the registered 312,633 traders were male, according to the work by the Australian Digital Commerce Association and Accenture (ADCA).
Whilst the gender divide was the biggest result, the data also showed that 71 percent of traders were under 40 years of age, with 18-to-29 year olds the largest group at 40 percent.
The study highlighted that cryptocurrency trading has become big business in Australia, with exchanges processing more than 2.7 million transactions worth a total $A3.9 billion over the year. Chief executive of the ADCA Nicholas Giuretto commented that the results demonstrated a growing demand for virtual currencies, adding that “These results demonstrate that Australians are enthusiastically participating in the market for digital currencies.”
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