Women are Taking Over the Crypto Market
The crypto space has majorly been dominated by men but women are changing that notion now as recent findings from, AltcoinTrader revealed that women cryptocurrency owners are on the rise. The South Africa cryptocurrency exchange had revealed that more women are owning cryptocurrency unlike before and the ages of men who own cryptocurrency are between the ages of 18 and 40.
This is a remarkable feat as it will cause a great deal of diversity and inclusion in the crypto space. What we want is financial inclusion for everyone right? Then it’s a great thing that women are getting involved in the space. Richard de Sousa a partner at AltcoinTrader, say: “We think that the growth in this market is still at its infancy and as more regulatory frameworks get developed over time in this space, more people will get into it. There will definitely be an increase in our records across all of these generations as the market evolves.”
The report also showed that,“the group is a culmination of the Xenial and Generation Y or “millennials”. They are born between 1978-1988 and are dominating this space owning bitcoin or other cryptocurrencies. Although there are more men generally internationally in the cryptocurrency market, there is a high rise of women in various age groups. The cryptocurrency exchange revealed, “As cryptocurrencies such as bitcoin are still a new phenomenon, we are starting to see more South Africans get into this space.”
Although women dominated the space in the category of women aged 30-40, Males dominated the category of 18-30 year category. Women also dominated in the 40 to 80 age account groups. For the last six months, the number of women investing in cryptos has risen from 6 percent to 13 percent. African women are moving towards financial inclusion and liberty in the world and cryptocurrencies offer that freedom. It is not difficult to find out why more women are investing in cryptocurrencies.
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