A new survey has found: In the blockchain hotspot Singapore, female crypto investors rely on completely different coins than their male counterparts. Most popular: Ethereum.

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Ethereum is almost 10% ahead of Bitcoin

What many crypto investors in this country do not know: Singapore is considered the second most important financial metropolis in Asia-right after Hong Kong. The country offers ideal conditions for blockchain projects with its investment-and tax – friendly regulation, which is why Singapore is also an attractive option for many European blockchain companies.

A survey of the American crypto exchange Gemini together with Seedly and Coinmarketcap.com wanted by citizens of the city-state now to know what cryptocurrencies they have invested or want to invest in. result: More than 78% of all investors surveyed have invested in Ethereum, 69% in Bitcoin and 40% in Cardano.

Cardano was able to massively increase its value within the last 4 weeks. Source: Tradingview.com

Binance Coin (BNB) is also very popular in Southeast Asia’s smallest country by area and is included in 31% of portfolios.

More than 4,300 adults between the ages of 18 and 65 were interviewed for the survey. The majority of them already owned cryptocurrencies at the time of the survey (67%). Of the 33% who do not yet own cryptocurrencies, 34% say they intend to make a crypto purchase within the next 12 months.

The creators of the survey complement:

“According to our calculations, the “average” crypto owner is probably a 29-year-old man with an average annual household income of about $ 51,968 per year.“

Women invest differently

79% of participants were male, 80.2% of all crypto holders under 34 years old. True, only one in five crypto investors was female – for this, women who invest in crypto tend to earn more than male investors.

Thus, the median annual income of a male crypto holder in the income bracket ranges from $ 45,001 to $ 55,000. Female crypto holders, on the other hand, are generally in a higher income bracket: here the average annual income is between $ 55,001 and $ 75,000.

Women also invest in different coins than men, according to the survey: while ETH, BTC and ADA (to buy from eToro or Libertex) are the most popular cryptocurrencies for both genders, women hold and trade Ripple’s XRP and Polkadot (DOT) more often than their male counterparts. The stablecoin USDT, on the other hand, is popular with male crypto investors.

Also interesting is a look at the income distribution of crypto investors. While the average income is above $ 50,000 as mentioned, most survey participants (13.9%) have no income at all. The second largest group (13.7%) has an annual income of $ 15,000 or less. The third largest group (12.6%) earns between $ 55,001 and $ 75,000 per annum.

Two-thirds of crypto investors also say they have invested more in cryptocurrencies due to the corona pandemic. The report explains::

“One possibility for this could be that investors are becoming increasingly educated about cryptocurrencies, which has been accelerated by the rise of the digital economy during the pandemic. Some also see cryptocurrencies as a good way to hedge against inflation.“

You can read the entire survey here (e-mail address required).