Crypto alternate CoinSwitch Kuber says solely 15 per cent of its traders are ladies

Cryptocurrency is all the excitement in 2021, and its adoption will proceed to extend amongst younger women and men, stated a brand new report. However, ladies type solely a small a part of this rising group.  In its newest findings, Indian crypto alternate Coinswitch Kuber stated that out of its user-base of 14 million Indians, solely 15 per cent are ladies.
It ought to be famous that at first of the 12 months, CoinSwitch reported simply over 1 million customers. The findings got here at a time when India is but to desk and focus on the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which goals to ban all “private cryptocurrencies” in India. However, it permits for sure exceptions to advertise the underlying expertise of cryptocurrency and its makes use of.
According to CoinSwitch Kuber, most of its customers in India are children. And on common, people spent 27 minutes on the CoinSwitch app participating in both buying and promoting crypto property or studying in regards to the crypto area from the platform. At the start of this 12 months, the common time was 13 minutes per person.

At least 60 p.c of the customers fall below the age of 28 and majorly reside in Indian metro cities together with Delhi, Mumbai, Kolkata, Pune, Lucknow, and Patna. Additionally, CoinSwitch claimed that they registered a 3500 per cent rise in transaction volumes. However, not each person made transaction on the platform.
The most traded cryptocurrency property that have been traded on the platform included Bitcoin, Dogecoin, Ethereum, Polygon, and Cardano.
For WazirX, investments in cryptocurrency elevated considerably in 2021, with the alternate witnessing a report buying and selling quantity of over $43 billion in 2021— accounting for over 1735 per cent development from 2020. Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), WazirX Token (WRX), and Matic (MATIC) have been the most-traded cryptocurrency on the alternate.
According to WazirX, Women traded extra in Bitcoin, whereas males traded extra in Shiba Inu.

Interestingly cryptocurrency was one subject that minimize via the web chatter this 12 months: cryptocurrency. People talked about  ‘crypto’ 6.6 million instances on Reddit in 2021, in keeping with ‘Reddit Recap 2021’, which rounds up the preferred posts, matters and conversations on its platform over the previous 12 months.
Meanwhile, cryptocurrencies together with Dogecoin, Ethereum  and Shiba Inu additionally topped ‘Google’s 2021 Year in Search’, which the Alphabet-owned search engine launched this week.  “Dogecoin” and “Ethereum price” have been the highest 10 most-Googled information tales of the previous 12 months, throughout the globe