The Norway-based women who possess crypto in some form have doubled in number during the previous year, as per the latest survey. The survey, which was organized on the behalf of Arcane Research and Ernst & Young indicated that the rate of crypto ownership by women across Norway has spiked from just 3% (witnessed in 2021’s initial period) to 6% in the present year’s 30th March.

The nature of the survey was online where 1000 Norwegians of 15 and above of age were interviewed in collaboration with NORSTAT (known as among the prominent data collectors in Northern Europe for market research. Approximately entirety of the female interviewees admitted to having initially bought crypto during 2021. The gender gap in crypto ownership throughout Norway up till the organization of the latest survey had been expanding, as the female ownership maintained its pace at 3% between 2019 and 2021.

During that very time, male ownership witnessed a considerable escalation between 6% (as of 2019) and 14% (as of 2022). In addition to this, the respective survey pointed out that generally, an approximate proportion of 10% form the total population of Norway (which would count to be 420,000 residents) at present possess cryptocurrency of some type, signifying that the overall crypto ownership within Norway has doubled after 2018.

The country is not the sole one to see a boost in female engagement with crypto. As per the reports from December, Independent Reserve (a crypto exchange based in Australia) conducted a study, figuring out that the female crypto investors in Australia have grown in number by double the amount at 20% (by 2021’s denouement) as compared with 10% of 2020. In March, a survey was published in Turkey by KuCoin specifying an additional distribution among the female and male crypto consumers across the country.

As per the statistics of the KuCoin survey, 47% of the cumulative crypto consumers were female. Although the tendency toward additionally equal crypto participation is being witnessed as a positive sign, there are even now considerable openings in the crypto industry’s particular areas as the female creators in the NFT world are only 5% of the entire sales across the market. In 2019, Grayscale carried out a study that presents that female investors have a more risk-averse tendency which is often referred to as a cause at the back of the gender gap.