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Singaporean women ‘outperforming’ men in crypto trades, survey reveals

Press Releases Crypto News Cointelegraph Singaporean women ‘outperforming’ men in crypto trades, survey reveals

Singaporean women are slightly more likely to make money or at least break even on their crypto investments than their male counterparts, according to a survey from cryptocurrency exchange Independent Reserve.

Published on March 28, the annual Independent Reserve Cryptocurrency Index (IRCI) survey was conducted in February and polled “1,500 everyday Singapore residents on their attitudes toward cryptocurrency.”

As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men.

“Since the launch of IRCI in Singapore in 2021, this is the first time that females have reported outperforming their male counterparts,” the survey results read.

*Crypto ownership, Women vs Men. Source: Independent Reserve*

The survey has also found an increase in women participating in crypto investments this year, with 37% of women surveyed saying they had crypto investments, accounting for a 7 percentage point increase compared to the previous year.

On the other hand, 48% of men said they took part in the activity, which was down 1 percentage point compared to the 2022 IRCI.

A significant number of women surveyed also outlined bullish stances towards crypto, with 24% stating that they had “allocated more than 20% of their investment portfolio to this asset class.”

“Over the next 12 months, 48% plan to further invest in their existing portfolio while 43% intend to diversify into other tokens, Defi or NFT projects,” the report adds.

*Investment performance vs time in market. Source: Independent Reserve*

The IRCI also provides a score for the overall confidence level in crypto ranging from 0 to 100. In this year’s edition, Singaporean confidence scored 55 out of 100, down from 61 the year prior.

This was mostly attributed to the rough year crypto had in 2022, as several major crypto firms went bankrupt, while the collapse of

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Author: Brian Quarmby

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