The cryptocurrency and blockchain sectors continue to develop as more and more people are willing to embrace cryptocurrencies. However, some people may think that the cryptocurrency industry is dominated by males. However, according to the report prepared by CoinMarketCap, the number of women in this industry rose in the first quarter of 2020.
Moreover, in the first quarter of this year, the number of women in the cryptocurrency industry increased by 43.24%.
Also, more and more women are willing to invest in cryptocurrencies as can be seen from the study published in December by Bitcoin fund operator Grayscale. For example, 43% of investors interested in Bitcoin are women. Also, this number is actively growing and this is good news for the future of the industry.
Due to the current financial situation, many people started to invest in real estate, gold, and cryptocurrencies. Notably, many women found a safe haven in digital assets. Cryptocurrencies offer a number of advantages compared to fiat currencies.
Interestingly, many trading platforms already experienced an increase in cryptocurrency demand. In March, crypto exchange Coinbase noted the surge of deposits made by U.S. residents in the amount of 1,200. Interestingly, this amount coincided with the coronavirus stimulus checks issued by the U.S. government. People who are eligible received $1,200 from the government.
Cryptocurrency and investors
Importantly, thanks to several factors such as the Bitcoin price and investment attractiveness of cryptocurrencies helped to increase the number of women in crypto exchanges.
Notably, the crypto exchange Bithumb Global witnessed a 30% growth in the number of its female users in 2020. Furthermore, the number of female users grew by 22% and 160% on the majority of top crypto exchanges since the beginning of 2020.
Also, the slow but steady adoption of the crypto industry as well as blockchain technology could represent another positive factor.
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