UK Exchange: Doubled Women’s Interest in Crypto Trading

London Block Exchange, a UK crypto platform that offers GBP pairing with multiple cryptocurrencies including Bitcoin Cash (BCH), Ethereum Classic (ETC), Bitcoin Core (BTC), Ethereum (ETH) and Litecoin (LTC). This exchange is an e-wallet services provider registered with the UK’s Financial Conduct Authority, based in London’s Canary Wharf commercial district.

Data have revealed that the number of women considering investing in cryptocurrencies has doubled in the last six months. The new statistics show that one in eight women, which is about 13%, are actually considering investing in cryptocurrencies. The number is up from 6% at the end of 2017. Research findings from LBX’s market show that this growing female interest is particularly true among the millennial generation. One in five millennial women (20%) are interested in investing.

Agnes de Roeyer, senior business analyst at London Block Exchange, told City A.M. that: “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.”

According to LBX statistics, there is a blunt difference in the approach to crypto trading between men and women. There hasn’t been any significant growth in interest among men for the past six months, in contrast to the women’s camp. Women were found to be 50% less likely to suffer from FOMO (fear of missing out) than men. Women are twice as likely to ask for advice from friends and family before investing, which is not the case for men; they say they prefer to decide for themselves.

A report in May showed a demographic analysis of people trading on cryptocurrencies with the social investing network and multi-asset brokerage, Etoro. The analysis revealed that women make about 8.5% of the market share compared with men’s 91.5%. the research apparently suggests that the huge difference might be due to the fact that cryptocurrency is more popular in technology and finance industries: two fields that are subject to the severe gender imbalance.