Cryptocurrency ownership among Norwegian women doubles
Cryptocurrency ownership among Norwegian women doubles, reflecting global trends
According to a recent survey by Arcane Research, the number of Norwegian women who own cryptocurrencies has doubled from 3% to 6% in just one year.
The survey, conducted by Arcane Research and Ernst & Young, found that the rate of women cryptoactive owners in Norway went from 3% at the beginning of 2021 to 6% as of March 30 of this year. The online survey interviewed 1,000 Norwegians over the age of 15 and was conducted in collaboration with NORSTAT, a leading data collector for market research services in Northern Europe.
Almost two-thirds of all women surveyed said that they would buy cryptocurrencies for the first time in 2021. Until this recent survey was conducted, the gender gap in cryptocurrency ownership in Norway had widened; female ownership was stable at 3% from 2019 to early 2021. During the same period, male ownership increased, from 6% in 2019 to 14% in 2022.
The survey also found that overall, about 10 percent of the Norwegian population — which would equate to 420,000 people — now owns some form of cryptocurrency, representing a doubling of overall cryptocurrency ownership in Norway since 2018.
Norway is not the only country where women’s participation in the cryptocurrency industry has increased: Cointelegraph reported in December that a study by Australian cryptocurrency exchange Independent Reserve found that the number of Australian women investing in cryptocurrencies has also doubled, from 10 percent in 2020 to 20 percent by the end of 2021.
A 2022 survey in Turkey, published in March by KuCoin, indicated a more even distribution between male and female crypto users in the country, with women accounting for nearly half (47 percent) of all crypto investors and represented 63 percent of the “cryptoactive -curious” demographic.
While the trend of more equal participation in the cryptocurrency industry seems positive, there are still significant gaps in specific areas of the industry. In the NFT sector, female creators account for only 5% of all total market sales.
Global cryptocurrency ownership continues to grow. Approximately half of the German population has indicated that they are willing to invest in cryptocurrencies, with women accounting for 53 percent of that total, according to a survey published last week by KuCoin.
As Cointelegraph reported, Florian Döhnert-Breyer, managing director of German cryptocurrency fund F5 Crypto, said that Germany will come to be seen as a model for the widespread adoption of crypto investing: “As the largest EU country with a notoriously risk averse view of financial assets, Germany has a special role to play.”
“The high number of women interested in cryptocurrencies is particularly encouraging, as this target group is, on average, less active in the financial market (e.g. the stock market).”
A 2019 Grayscale survey shows that women tend to be more risk-averse investors, a reason often cited as a partial explanation for the gender gap between the number of female and male cryptocurrency investors.
Originally published at https://www.reddit.com.