Bitcoin popular among women investors while men prefer Shiba Inu, says WazirX

Crypto exchange platform WazirX had a tremendous 2021 and facilitated a record $43 billion worth of trading volumes over the last 12 months as cryptocurrencies became more popular in India.

Crypto exchange platform WazirX had a tremendous 2021 and facilitated a record $43 billion worth of trading volumes over the last 12 months as cryptocurrencies became more popular in India. The platform saw a rise of nearly 1,735 percent compared to last year. New customer signups shot up and the platform now has over 10 million users now. An interesting trend revealed by WazirX is that Bitcoin was more popular among women investors while men preferred Shiba Inu. Bitcoin is the most popular cryptocurrency but meme coin Shiba Inu gained popularity on the back of social media trends.

WazirX saw an increase of over 1,000 percent in the number of women users on its platform and an 829 percent increase in the number of male users. The platform also conducted a survey which revealed that 51 percent of investors entered the crypto market because their friends and family recommended investing in it. In fact, 47 percent of the respondents have only begun their investment journey in the crypto market in the last six months.