Cryptocurrency exchange platform WazirX recently released a report named ‘Bringing '23 In With Learnings From 2022’ highlighting eye-opening facts about cryptocurrency transactions and volumes in India. As per the report, women above the age of 41 transacted more in crypto assets in the year 2022 compared to men in the same age group. When it came to the age groups of 18 to 26 and 26 to 40, it was men who were noted to be more involved and active in crypto trading than women in the same age groups.
Furthermore, the report noted that women traded more in Blue chip tokens than men. Blue chip tokens are cryptocurrencies that are more established, and reliable and come with strong reputations and better liquidity compares to other cryptocurrencies in the market. "Men, on the other hand, invested in meme tokens, gaming tokens, etc. besides blue chip tokens," said the report.
When it comes to women that were involved in crypto trades on the WazirX platform, the report noted that it was women from the states of West Bengal, Haryana and Uttar Pradesh played the highest role, compared to women in other Indian states.
However, even as the number of participants in cryptocurrency trading increases, the report pointed out how cautious some people may still be about crypto trading. The report said- ‘With some major mishaps in the Crypto ecosystem in the form of the Terra crash and FTX fiasco, users are wary of their funds. They will have second thoughts while investing in digital currencies. Platforms that have the potential to provide security and trust with complete transparency will witness more users preferring them over others,’
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