And the report reveals that Wednesday is the most popular trading day across the country, while female participation increased by 4% from 2018 to 2019 to 20%.
"With Westmead, Baulkham Hills, Liverpool and Parramatta near the top 10, and other Western Sydney suburbs rounding out the top 20, migrants and early adopters still make up a large proportion of the cryptocurrency community,” said Adrian Przelozny, CEO and founder of Independent Reserve.
“This is a good thing. With much concern over the current health of the global economy, savvy investors would traditionally turn to gold to hedge against losses/provide a store of value.
And according to Independent Reserve, while interest from women in trading crypto has continued to rise, and still remains a heavily dominated male activity – and Tuesdays, Wednesdays and Thursday are by far the most popular days for trading, with the majority of trades take place from 11am - 5pm.
“While traders are switched on 7 days a week, most take a break over the weekend like the rest of us,” Przelozny said.