A new demographic analysis of people trading in cryptocurrencies has shown that only very few – 8.5 percent – are female, with most having little to no previous experience.
The study also showed that many of this 8.5 percent are students or working in sales and marketing roles.
The research, conducted by Etoro, a social investing network, also revealed that an absolute majority of the traders are new in the business with regards to having any investing experience. 81.96 percent of traders were shown to be novices, 10.66 percent as intermediate-level traders while only a paltry 7.38 percent were shown to have an advanced
level of knowledge and experience in the market.
A breakdown by occupation showed that people working in the computer and IT services were strongly represented at 15.05 percent, as well as 8.48 percent constituting those in the finance industry. Those in the sales and marketing industry involved in cryptocurrency were said to be at 14.49 percent.
Additionally, about 30 percent are people out of the job market, with 13.85 percent being students, 2.06 as retired and 14.74 having no jobs at all.
The same gender imbalance on cryptocurrency trading was also evident in relation to cryptocurrency developers with female developers’ representation falling short of men developers.
Alongside other factors that could be at play, largely, bitcoin is located at the intersection of technology and finance, both fields that suffer from a severe gender imbalance. While other sectors like education and medicine are beginning to enjoy a huge female inclusion trend, the technology sector suffers huge deficit in female representation, a reason the results don’t seem all that surprising.
Frontpage December 5, 2019