Crypto ownership among Norwegian women doubles, reflecting global trends
The number of women in Norway who own some form of cryptocurrency doubled in 2021, according to a new survey.
The survey, conducted by Arcane Research and Ernst & Young, found that female ownership of crypto assets in Norway increased from 3% at the start of 2021 to 6% as of March 30 this year. The online survey interviewed 1,000 Norwegians aged 15 and over and was conducted in partnership with NORSTAT, one of the leading data collectors for market research services in Northern Europe.
Nearly two-thirds of all women surveyed said they first bought a cryptocurrency in 2021. Until this recent survey, the gender gap in crypto ownership in Norway had widened. widened, with female ownership stable at 3% from 2019 to early 2021. Over the same period, male ownership increased from 6% in 2019 to 14% in 2022.
The survey also revealed that overall, around 10% of Norway’s population – which would equate to 420,000 people – now own some type of cryptocurrency, representing a doubling of overall Norwegian crypto ownership. since 2018.
Norway isn’t the only country witnessing a growing involvement of women in cryptocurrency – Cointelegraph reported in December that a study by Australia-based cryptocurrency exchange, Independent Reserve, found revealed that the number of Australian women investing in crypto also doubled from 10% in 2020, to 20% by the end of 2021.
A 2022 survey in Turkey, published in March by KuCoin, indicated a more even split between male and female crypto users in the country, with women accounting for nearly half (47%) of all crypto investors and accounting for 63 % of “crypto-curious”. “demographic.
While the trend towards more equal participation in crypto looks positive, there are still significant gaps in specific areas of the cryptocurrency industry. In the NFT sector, female creators represent only 5% of all sales in the total market.
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Global global crypto ownership continues to grow. About half of the German population has indicated that they are willing to invest in crypto, with women accounting for 53% of that total, according to a survey published last week by KuCoin.
As reported by CointelegraphFlorian Döhnert-Breyer, managing director of German crypto fund F5 Crypto, said that Germany will be seen as a role model for the wider adoption of crypto investing: “As the largest country in the EU with a Notorious risk aversion from a financial asset perspective, Germany has a special role to play.”
“The high number of women interested in crypto is particularly encouraging because this target group is, on average, less active in the financial market (e.g. stock exchange).”
Research by Grayscale from 2019 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 crypto investors. .