2× increment in numbers of crypto holders in Norway over 2018: Report

The number of Norwegian women holding cryptocurrencies has doubled from 3% to 6% in just one year as per a recent survey.

According to a new survey, by 2021 the number of women with any kind of cryptocurrency in Norway has doubled.

According to a recently conducted survey the proportion of women with crypto assets in Norway rose from 3% at the beginning of 2021 to 6% by the 30th of March this year. Around 1,000 Norwegians aged 15 and over were interviewed via an online survey in partnership with NORSTAT.

Two-thirds of respondents say they first bought cryptocurrency in 2021. Until a recent survey, the gender gap in Norwegian crypto ownership has been growing, with women making up 3% from 2019 to early 2021. While at the same time, male ownership increased from 6% in 2019 to 14% in 2022.

About 10% of the Norwegian population, about 420,000 people now have a cryptocurrency and thus doubling the total Norwegian crypto ownership since 2018.

Norway is not the only country that is experiencing the increased participation of women in cryptocurrency, the Australian Independent Cryptocurrency Exchange, The Independent Reserve, reported in December that the number of Australian women investing in cryptocurrency has doubled from 10% in 2020 to 20% by the end of 2021.

The recent March 2022 survey in Turkey, indicates a more even distribution among male and female crypto users in the country, with half of all crypto investors (47%) and 63% representing crypto-curiosity being females.

Although a more similar partnership trend in crypto appears positive, there are still significant gaps in specific areas of the cryptocurrency industry. Women creators in the NFT sector make up only 5% of total market sales.

As the overall global ownership of crypto is growing. According to a survey half of the German population is willing to invest in cryptocurrency and 53% of the total are women.

German cryptocurrency fund F5 Crypto’s Managing Director Florian Döhnert-Breyer has set a precedent for the widespread acceptance of German crypto investments: “Germany has an important role to play in risk-free financial assets.”

“The number of women interested in crypto is particularly encouraging because this target group is not that active in the financial markets (e.g. the stock market).”

A partial explanation of the gender gap between the number of female and male crypto investors as per research is that women are cited as the most risk-averse investors.

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