Despite being a minority among crypto investors, just like anywhere else, women in India actually spend on cryptocurrency twice more than men do. A newly released survey also found that the majority of Indian crypto users live in big cities like Delhi, Mumbai, and Bangalore. The study comes out while Indians expect new regulations within weeks.
Men Still a Majority Among Investors, Women Spend More
Unsurprisingly, female crypto investors are a firm minority in India, and pretty much anywhere else on the planet. However, what sets Indian women apart from many other, beauty aside, is their willingness to spend more on cryptocurrency than their husbands and boyfriends.
According to a survey carried out by crypto exchange Buyucoin, female traders in India spend more than Rs.140,000 on average (>$2,000 USD), whereas men invest half of that, around Rs.70,000, Crypto News reported. The authors of the survey arrived to these numbers after examining trading data for the country's largest cities, where the majority of cryptocurrency users are concentrated.
The research covers over 60,000 participants and has been conducted by Buyucoin between the months of May and June, this year. The trading platform's chief executive and co-founder, Shivam Thakral, commented: