A report recently found that a massive 10% Female population in India has invested in crypto suggesting that 1 in every 10 Indian women holds Cryptocurrency.
Out of the 685 Million Female population in India, 63 Million Women are owners of cryptocurrency making India’s female cryptocurrency ownership the third-highest globally.
The paradigm shift is backed by a study by a Foreign Exchange education platform revealing the increasing engagement of Indian women in the crypto market.
While Indian women are making substantial steps, the study shows that Vietnamese women top the list with a staggering 24% of their female population being crypto owners.
The Philippines takes the second spot with 9.6% of their women participating in the cryptocurrency market.
Despite the surge in female cryptocurrency ownership, a gender gap still exists in India’s crypto landscape.
Zooming in on India, the study conducted by the Indian crypto platform WazirX unveils some remarkable insights.
The platform recorded a 3.3% increase in trading volume by women between 2021 and 2022. Urban centers such as Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Rajasthan house a significant number of Indian women investors.
Indian women investors have collectively gathered over 350 crore rupees (approximately $43 million) worth of crypto on the WazirX platform alone.
On average, each woman holds crypto worth 9,650 rupees (about $116), which is nearly 30% more than the average value held by male users, which stands at 6,676 rupees (around $80).
The evolving landscape of cryptocurrency investment in India is witnessing a remarkable transformation as Indian women actively engage in digital finance.
With a growing number of women embracing cryptocurrency ownership, it is clear that they are determined to break free from traditional financial constraints, secure their independence, and create a brighter financial future for themselves.
Also Read: India’s Major Milestones in Crypto