The number of crypto investors in Ireland has decreased slightly in the past year, or so it appears according to recent data from Finder.com.
The report revealed that cryptocurrency adoption in the island nation has dropped by approximately 16.6% within the last year. Of the surveyed adult Irish internet users, 10% own cryptocurrency, as opposed to 12% in 2021.
Edwards says the data suggests that despite the selloffs, the low drop in holders signals both hodlers and even more purchasing at discounted rates.
The survey also highlighted the dominance of Irish male investors over female investors, with 72% of surveyed holders being men. This gender gap is in line with the reality of the entire crypto space, which is highly male-dominated.
This is slowly changing as the space continues to integrate with various global industries. According to the BTCM Investor Study Report of 2021, the amount of women investors that entered the space increased by 126%.
The crypto exchange Gemini received its virtual assets provider license in Ireland in July 20 of this year. Kraken and Ripple are two other crypto-centric companies that have chosen Ireland as the European headquarters.