India has witnessed a remarkable tenfold increase in the number of women investing in cryptocurrencies, according to a survey conducted by the crypto investment platform Mudrex. This surge underscores a growing interest among female investors in the digital asset space.

The survey highlights that women aged between 25 and 30 years make up the largest segment of these investors, accounting for 53% of the total female investor base. They are followed by women aged 31-35, who constitute 36%, while younger investors aged 18-24 represent 11% of the user base.

Geographically, Maharashtra leads in female crypto adoption, contributing 15% of the total women investor base. Karnataka follows with 11%, Delhi NCR accounts for 9%, and Uttar Pradesh contributes 8%. West Bengal accounts for 7%, with the remaining 50% of women investors spread across states like Telangana, Tamil Nadu, and others.

Over 75% of these women investors hail from metro and Tier-1 cities, indicating a strong urban inclination towards cryptocurrency investments. However, participation from smaller cities is steadily increasing, reflecting a broader acceptance of digital assets across diverse demographics.

In terms of investment preferences, Bitcoin, Ethereum, Ripple, Litecoin, and Solana have emerged as the most popular choices among female investors. Additionally, meme coins like Dogecoin and Shiba Inu are gaining traction, signaling an increasing interest in trending meme coins.

Despite the surge in participation, certain barriers prevent some women from making transactions after completing KYC verification. Concerns about crypto market volatility, uncertainty over which coins to invest in, and a lack of financial awareness around emerging asset classes are the most common challenges.

The significant increase in female participation in cryptocurrency investments marks a pivotal moment in the financial landscape, indicating a move towards greater financial inclusion and independence for women in India.