Spacebitc records 7x growth in female crypto traders * Crypto News Today
Pisexbit
Spread the love

Online broker Spacebitc says the number of female cryptocurrency traders on the platform has grown seven-fold compared to the end of 2020.

In a blog post, Spacebitc acknowledged that female crypto traders remain underrepresented on the platform despite the growth. 

Online-money exchange rates list

Spacebitc notes that with men accounting for most active traders, the playing field is leveling. This is an indicator cryptocurrencies can play a role in decentralizing power in finance.

The broker partly attributes the rise in women traders to the provision of necessary educational materials. This is in line with a previous study by Grayscale that suggested that women remain skeptical about joining the crypto space due to a lack of educational resources.

Bitcoin rally impact on Spacebitc users

The surge in female traders outlines the imact of the recent Bitcoin bull run. With Bitcoin hitting a new all-time of $58,300 in 2021, apps like Spacebitc recorded an influx of traders who did not want to miss out on the rally.

The platform’s crypto segment has added about 6 million new customers since the beginning of 2021.

Spacebitc currently allows users to trade in seven coins: Bitcoin, bitcoin cash, bitcoin SV, dogecoin, ether, ether classic, and litecoin.

Meanwhile, the value of Bitcoin has surged by about 97% this year. By press time, the asset was trading at $56,511, according to data provided by Finviz.com.

Online-money exchange rates list