The number of female crypto users skyrockets in 2020

The number of female crypto users skyrockets in 2020

  • CoinMarketCap recently conducted a study of the number of female crypto traders around the world.
  • The report noted a significant surge in female crypto users, most of which are between the ages of 18 and 24.
  • The biggest growth in interest seems to be in Europe, followed by South American countries and Asia.

The crypto industry has seen criticism for all kinds of things over the years. While most accusations revolved around it being a bubble, a scam, and alike, there were other things that people held against it. One of them included the fact that there was always inequality when it comes to the number of male and female crypto users.

Of course, there is not much that anyone could do about that. Plenty of experts tackled the issue over the years, stating that the number of female users is low due to low interest.

Female crypto users on the rise

However, 2020 brought in a surprising twist in this regard. A recent report published by a crypto tracking site, CoinMarketCap, noted a major surge of female users in Q1 2020. The report states that there is a 43.24% growth among female crypto traders.

The study says that the increase in Q4 2019 was considerably lower — only 15.5%.

The greatest amount of interest was measured among those between the ages of 18 and 24 — 65%. Also, the interest seems to have been the strongest in the US and Europe, where researchers measured over 50% growth.

However, there are examples of countries in Latin America, Asia, and Europe where the average growth is at 80%. One example is Argentina, which is the leader among Latin American countries in this regard. The country saw 98.23% growth. In the second place, there is Columbia (82.03%), and Venezuela (80.23%) in third.

Europe sees the most growth

In Europe, the fastest growth of females in the crypto industry comes from Greece, with 163.67% growth. After that, there are Romania (125.09%), Portugal (89.95%), Ukraine (86.68%), and Czechia (85.6%).

As for Asia, the situation is a bit calmer, with Indonesia being the only one with a growth of over 88.92%. In other words, the biggest amount of growth definitely comes from Europe, followed by the Americas. Meanwhile, Africa still has the lowest figures, with a growth of only 18%.

By Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications. Raza is the co-founder of 5Gist.com, too, a site dedicated to educating people on 5G technology.

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