Who trades cryptocurrencies, how do they trade it, and how do they perform? Evidence from brokerage accounts

【Author】 Hasso, Tim; Pelster, Matthias; Breitmayer, Bastian

【Source】JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE

【影响因子】8.222

【Abstract】We investigate the demographic characteristics, trading patterns, and performance of 465.926 brokerage accounts with respect to cryptocurrency trading. We find that cryptocurrency trading became increasingly popular across individuals of all different groups of age, gender, and trading patterns. Yet, men are more likely to engage in cryptocurrency trading, trade more frequently, and more speculative, respectively. As a result, men realize lower returns. Furthermore, we find that investors vary their trading patterns across different asset classes. (C) 2019 Elsevier B.V. All rights reserved.

【Keywords】Cryptocurrencies; Bitcoin; Trading; Investor returns; Demographics

【发表时间】2019 SEP

【收录时间】2022-01-02

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