A new analysis of the trading portal EToro shows insights into the background of crypto traders. What was previously suspected, the study now shows in black and white. Women are significantly outnumbered when it comes to trading cryptocurrencies. The Gender-gap is therefore correspondingly large.

EToro market analysts have asked their users for some data to understand who is investing in Bitcoin and other cryptocurrencies. The data was collected from March 2017 to February 2018.

Typical crypto investors

An interesting fact is the fact that the majority of investors in cryptocurrencies have little to no prior experience in trading or investment. 80.96 percent are newcomers in the investment area, 7.38 percent classify as mediocre. Only 10.66 percent have investment knowledge at an advanced level.

The survey also queried the professional backgrounds. It’s no surprise that almost every seventh crypto investor has an IT background. Rather unexpected is the comparatively high number of persons in the area of ​​Sales & Marketing, who enter the statistics with 14.49 percent. Whole 30 percent are not represented in the labor market, this group consists of pensioners, students and unemployed.

How strong is the Gender-gap?

Nothing new in the IT field: just as there is a shortage of female developers, less than a tenth — just 8.5 percent — of women are invested in cryptocurrencies. Although other factors could contribute to this result, Bitcoin & Co. are at an interface between IT and finance. There is a gender imbalance in both areas, so unfortunately this result is not all that surprising.

Author: Marko Vidrih

@cryptomarks

image via Pixabay