An interesting dynamic has emerged in a recent study conducted by one of London’s popular cryptocurrency exchanges. It’s well known wisdom that women are no less than men, and the same thing seems to be emerging in crypto space as well. According to a study of London Block Exchange the number of females interested in cryptocurrency investing has doubled in last six months. If this pace continues then current male domination of crypto markets may soon see some stiff challenge from females (which would ultimately be a good thing).
The study carried out by London Block Exchange found that as of now one out of eight women want to invest in cryptocurrencies, which is about 13%. These figures, however, were not like this six months ago when only 6% women wanted to invest in cryptocurrencies. The time seems to be changing things faster than expected.
Speaking about the findings Ms. Agnes de Roeyer, a senior business analyst at London Block Exchange, said:
“There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female.”
The findings become even more interesting when calculated over millennials alone. Among millennials one out of five women want to invest in cryptocurrencies, which is 20%. The role of women in crypto is only going to increase in the coming days.
London Block Exchange, however, is not the only organization to recognize the increasing role of women in crypto space. The BlockShow Europe also recently recognized 3 leading women in blockchain space:
- Quy Vo-Reinhard, Co-Founder and Chief Data Officer, The Health Information Traceability.
- Gina Contrino, front-end developer at Lisk
- And Manon Burgel, COO at B2Expand.
Women can bring a number of strengths to the cryptocurrency space. Research suggests that women are less likely to suffer from fear of missing out (FOMO) so they can take strategic decisions more easily than men. Plus, they also tend to be more social than men (in general), so they consult their friends and family before taking major decisions.
Ms. Nydia Zhang, Co-Founder and Chairwoman of Social Alpha Foundation, said about the findings of London Block Exchange:
“I am confident that the number of female leaders in crypto will double in the next six months.”
Social Alpha Foundation is a non-profit organization that aims to empower communities through use and education of blockchain technology.