Change in Australian Crypto Investment Soared In 2021

Change in Australian Crypto Investment Soared In 2021

The cryptocurrency space has been largely dominated by men. However, this looks to be changing, at least in Australia.

A new report from the Australian Securities and Investments Commission (ASIC) has revealed a significant increase in the number of women investing in cryptocurrencies over the past year.

According to a BTCM study carried out on 325,000 clients to find out their thoughts about cryptocurrencies and how they use them.


The research discovered that in 2021, there was a dramatic 126 percent increase in female investors trading and buying cryptocurrency through the platform, as opposed to an 83 percent rise among males.

Also, the number of Australian investors aged 45 to 59 years has increased considerably.

Usually, millennials are the ones driving cryptocurrency promotion, but BTCM discovered a 79 percent increase in “advanced” investors.

Caroline Bowker, BTCM CEO observed that this age group typically has a risk-off mentality towards investments as they prepare for retirement.

Therefore an increase in cryptocurrency investors ahead of retirement is a good sign that the market is on its way to long-term health.

“We’re encouraged by the fact that there are more and more people investing in cryptocurrencies,” Bowler observed.

“Wealth preservation and growth is top of mind for this age group as they plan for retirement.

And with traditional investment markets looking increasingly risky, it’s no wonder they’re turning to cryptocurrencies as a way to protect their hard-earned savings.”

In the light of the observations, it is important to identify Australians crypto investment choices.

What Cryptocurrencies Are Australians investing in?

Bitcoin is still the most traded cryptocurrency on the platform, according to BTCM. This is not surprising in light of Bitcoin’s dominance in terms of market volume.

While Ethereum is the leading altcoin on the platform. Tether was amongst the cryptocurrencies that were chosen as one of the top five traded on the platform in 2021.

According to the study, market activity has seen a significant rise in average value of transactions. In 2021, daily increases on the platform rose by 42%, and trade value on the platform increased by 48%.

The volume increase from the start of the year to the end of the year was a staggering 118%.

This, again, is most likely to occur as new investors enter the scene, seeing both the investment and utility sides of cryptocurrencies.

Long-term investors have also been increasing their cryptocurrency holdings as the market matures and widespread adoption increases.

Who Is Purchasing Cryptocurrency?

Individual traders formed the majority of transactions on the Australian platform. However, the number of firms has significantly risen.

According to BTCM, sole traders saw a 196 percent increase, businesses a 79 percent rise, and self-managed super funds grew by 74% over the year.

The number of individual traders jumped by 66% to a record high, yet this was less than the rise in other trading places.

The amount of super funds expanded dramatically, with first deposits increasing and the industry’s average portfolio rising by 61 percent.

In addition, the report also revealed that female investors have outpaced male investors in Australia, with a total of 55% of all new accounts being opened by women.

This is a significant increase from the 38% global average of women investing in cryptocurrency.

The report attributes this to the growing awareness of cryptocurrencies and their potential as an investment, as well as the increasing accessibility of trading platforms.

With more and more people turning to cryptocurrency as an investment, it’s clear that Australia is leading the way in adoption.

And with female investors outpacing their male counterparts, it’s evident that anyone can get involved in this burgeoning industry.

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