Female investors led crypto market growth in 2021, says new report

The crypto marketplace is maturing and is nary longer driven by speculation, according to a caller study from BTC Markets (BTCM). According to the study by the Australian cryptocurrency exchange, the crypto market's maturation successful 2021 was driven by utility.

The BTCM Investor Study Report 2021 is an in-depth investigation of information from the BTCM speech for the twelvemonth 2021, divided by demographics (age, gender, capitalist type) to anonymously analyse and analyse cryptocurrency concern habits among its 325,000 customers.

As per the report, "crypto queens" oregon alternatively female investors connected the level person grown astatine a faster complaint than their antheral counterparts. Female investors surged by 126% successful examination to antheral investors, who accrued by 83%.

According to the report, the astir important influx of caller clients for BTCM successful 2021 came from Australia's "mature wealthiness accumulators," who are 45 to 59 years aged and person a 79% summation twelvemonth implicit year. The inclination is encouraging, according to BTC Markets CEO Caroline Bowler, owing to the cautious hazard appetite of this property radical arsenic they commencement to hole for retirement. She added:

"They bring a wealthiness of acquisition successful accepted concern markets and their determination to put successful crypto is not driven by the fearfulness of missing retired (FOMO) but connected strategical probe and information."

BTC Markets besides revealed that Bitcoin (BTC) and Ethereum (ETH) continued to beryllium the astir traded tokens connected the BTCM level successful 2021, portion Tether (USDT) emerged arsenic a caller entrant successful the apical 5 traded cryptocurrencies. The mean worth of trades executed connected the level accrued by 48%, with regular orders expanding by 42%. Additionally, the mean measurement of trades executed connected the level roseate by 118%. According to BTC Markets, the important maturation is owed to a greater fig of investors recognizing the inferior of cryptocurrencies.

Related: Almost fractional of Germans to put successful crypto: Report

Although idiosyncratic investors relationship for the bulk of users connected the BTCM platform, sole traders (196%), companies (79%) and self-managed ace funds (SMSFs) (74%) performed amended than retail (66%) successful 2021. Per the report, the size of the SMSF concern grew significantly, with archetypal deposits present successful the hundreds of thousands alternatively than tens of thousands, and the mean portfolio sizes for companies roseate by 61%.