Female crypto investors in Norway doubles, mirroring global trends

As per a recent survey conducted by Arcane Research and Ernst & Young, the number of women in Norway who own any kind of digital assets doubled during the whole last year. The survey found that the rate of female ownership of digital assets in the country surged from 3% in early 2021 to 6% by March of 2022.

The research, which was conducted in partnership with one of the leading data collectors for market research services in Northern Europe, NORSTAT, took interviews of 1000 Norwegian females aged greater than or equal to 15 years.

More than 60% of the respondents said that they first entered the crypto market by purchasing some tokens in 2021. 

Female participation remains almost constant

The gender gap in Norwegian crypto ownership has been expanding until this current survey, with female participation holding stable at 3% from 2019 to early 2021. During the same time span, male ownership climbed from 6% in 2019 to 14% in 2022.

According to the survey, around 10% of the Norwegian population — or 420,000 people — currently owns some kind of cryptocurrency, reflecting a twofold increase in overall Norwegian crypto ownership since 2018.

Norway isn’t the only country where women are becoming more interested in cryptocurrency. In December, TheCoinRise reported that a study conducted by the Australia-based cryptocurrency exchange Independent Reserve found that the number of women in Australia investing in crypto had doubled from 10% in 2020 to 20% by late-2021. They also revealed that they have seen their portfolios rising by 100% in 2021.

A survey conducted by KuCoin in Turkey in 2022 revealed a more balanced distribution of male and female crypto users in the country, with women accounting for nearly half (47%) of all crypto investors and 63% of the “crypto-curious” segment of the population.

There have been several attempts to narrow down this gender gap in the industry. In 2021, the Japan-based multinational conglomerate holding company SoftBank revealed its plans to invest $150 million in female-dominated metaverse company Zepeto. Crypto exchange OKcoin also hired Randi Zuckerberg in an effort to solidify its female user base.