Survey finds women in Singapore achieve greater success than men in cryptocurrency trading
A recent survey by Independent Reserve, a cryptocurrency exchange, found that Singaporean women are outperforming men in their crypto investments, with 76% of women making money or breaking even, compared to 72% of men. The survey also revealed that 37% of women had invested in cryptocurrency, accounting for a 7% increase compared to the previous year, while 48% of men took part in the activity, a decrease of 1% compared to the 2022 survey. Interestingly, the survey also found that 24% of women allocated more than 20% of their investment portfolio to crypto, indicating a bullish stance towards the asset class.
Despite the cryptocurrency industry’s challenging year in 2022, with several major crypto firms going bankrupt and the collapse of Do Kwon’s Terra/LUNA project, crypto adoption in Singapore continued to increase. In this year’s Independent Reserve Cryptocurrency Index (IRCI), Singaporean confidence scored 55 out of 100, down from 61 the year prior. However, 43% of respondents said they had crypto investments, compared to 40% in the previous year. Additionally, 48% of all crypto investors stated that they plan to increase their current portfolios, indicating a long-term confidence in crypto. The CEO of Independent Reserve Singapore, Lasanka Perera, attributed this confidence to the country’s well-established regulatory frameworks for the sector.