Cryptocurrency Adoption: Women’s Investment on the Rise
Bengaluru: The cryptocurrency market is seeing increased female participation, with women now comprising 20% of CoinDCX’s high-net-worth investor base.
Leading this growing trend are Delhi (28.3%), Lucknow (19.16%), and Hyderabad (16.5%). These cities demonstrate significant engagement with cryptocurrencies, favoring tokens like ETH, BTC, MATIC, and DOGE. This data is featured in the crypto exchange’s 2024 Annual Report.
The annual report also indicates a notable evolution in investment habits. Tier-2 cities are significantly contributing to the crypto landscape, accounting for 40% of all crypto activity across India. Delhi and Mumbai are the primary drivers, collectively representing 22% of the nation’s trading volume.
CoinDCX reports that over 50% of their investors are now diversifying their holdings with both Bitcoin and altcoins. This illustrates a growing sophistication among Indian crypto traders who are becoming more strategic with their asset allocation, recognizing the revolutionary possibilities of digital assets.
Bitcoin (BTC) has experienced recent volatility. After reaching a peak of $107,000 last week, its value decreased to approximately $96,056 on Monday.
According to CoinDCX, Bitcoin and altcoins now account for roughly 51.5% of investor portfolios, signaling a stronger focus on long-term investment strategies. Altcoins hold the larger share with a 34.5% allocation, driven by growing trust in decentralized finance (DeFi) initiatives, Layer 2 scaling solutions, and various decentralized applications. Notably, the exchange has also reported a significant surge of 253.33% in the adoption of Systematic Investment Plans (SIPs) for crypto investing.