India: cryptocurrency investors by gender

Between December 2020 and March 2021, the number of women in India that invests in Bitcoin or other cryptocurrencies increased dramatically. The source - said to be India's largest cryptocurrency exchange - mentions a 300 percent increase in this time frame. This makes around one on out five customers female, with the majority of them belonging to an age group between 18 and 34 years old. In terms of specifying how many users this entails exactly is difficult to establish: In 2018, the Reserve Bank of Bank banned banks from working with cryptocurrency exchanges, a ban that was overruled in 2020 but might return in 2021 with the Indian government reported to introduce legislation to prohibit cryptocurrency mining, trading or holding them as personal assets.

Share of men and women among the customer base of cryptocurrency exchange CoinDCX who own a cryptocurrency in India in 2020 and 2021

Characteristic	Male	Female
-	-	-
-	-	-

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Release date

March 2021

More information

Region

India

Survey time period

November to December 2020, and March 2021

Age group

18 years and older

Special properties

Investors using cryptocurrency exchange CoinDCX

Supplementary notes

As of early 2021, no newer version of the survey was available and no immediate outlook of when this arrives. Later reports refer to a "2019 Bitcoin Omnibus Survey" which is the same survey as listed here - "2019" there refers to the publication date, not the survey version.

The source does not provide information on the original wording used during the survey. Thus, the wording chosen for this statistic may differ slightly from the one in the survey.

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