Cryptocurrency is a 21st century financial instrument with a very 20th century problem: not enough women. Twice as many men as women invest in cryptocurrency (16% of men vs. 7% of women), according to CNBC and Acorn’s Invest in You: Next Gen Investor survey, conducted in partnership with Momentive.

Women are lagging behind men in their rates of cryptocurrency investing, just as they have historically struggled to keep pace with men in more traditional investment verticals. In fact, in the new survey data, the gender disparity in crypto matches or exceeds the gender gaps in ownership of exchange-traded funds (14% of men vs. 7% of women), individual stocks (40% of men vs. 24% of women), mutual funds (30% of men vs. 20% of women), real estate (36% of men vs. 30% of women), and bonds (14% of men vs. 11% of women).

The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020.

Brendan McDermid | Reuters

The survey was conducted for CNBC and Acorns by Momentive, the company formerly known as SurveyMonkey, from August 4-9, 2021, among more than 5,530 adults in the U.S., 2,980 of whom have investments in stocks, bonds, mutual funds, ETFs, or cryptocurrency.

‘Democratizing’ investing and gender

Gender disparities have dogged the financial services industry for decades, but cryptocurrencies like bitcoin, ethereum, and dogecoin have been