Blockchain News

Australian women generate greater cryptocurrency profits than Australian men

Australian women recorded profits of $7314, while Australian males reported gains of $7089. This is supported by a recent study from the cryptocurrency exchange Swyftx.

Despite the harsh effects of the cryptocurrency winter, 72% of Australians who possess cryptocurrency reported an average profit of $7152.

Although this finding may come as a surprise, the poll also revealed several other intriguing facts.

Image Source: SWYFTX

Australians are more open to the notion of purchasing cryptocurrency this year. Swyftx reports that Crypto-spending has climbed by 10pp over the previous 12 months with 53% of Australians who hold cryptocurrencies claiming they have done so. 

Amazon (through is the most used website for cryptocurrency purchases, with 27% of all transactions, followed by dining/hotel establishments (23%) and gas stations (21%).

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.