Women use cryptocurrencies as the second most used financial asset

After cash, cryptocurrencies are the second most used financial asset by women, who increased the use of this digital currency during 2022. In eToro’s Retail Investor Beat survey, cryptocurrencies are now the most used financial assets after cash by women. According to survey data conducted in the fourth quarter of 2022, 34% of women said they owned cryptocurrencies, up from 29% in the previous quarter. While the ownership rate among men increased only 1 percentage point during that period from 42% to 43%.

Are cryptocurrencies a girl’s best friend?

Another eye-opener from the report was that Crypto appears to be “succeeding where traditional financial markets sometimes fail in bringing more women to the table,” Ben Laidler, global market strategist at eToro, noted in the report. The preference for this digital currency by women occurred even in the middle South Africa Telegram Number Data of crypto winter or the period known for a sharp drop in this financial asset in the market. It draws the attention of specialists that women increased their holdings of these digital assets during this dark period, in which the prices of bitcoin, ether and other digital currencies sank.

Surviving crypto winter

Likewise, they refer from eToro that Women were part of a broader increase in the proportion of investors with cryptography It should be noted that, for its study, EToro detailed that 10,000 retail investors in 13 countries were surveyed between December 14 and 24. They will be key in treasury management, as they will allow companies to keep track of their monetary flows and comply with their collection processes within the stipulated times. 4. Accessibility and personalization. Having tools that offer valuable data within reach is extremely important, as it avoids having to make a series of calls or visits to the bank to check the status of customer collection and/or collection processes.

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