Cryptocurrency trading and its associations with problem gambling and mental health

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Author(s): Johnson, Benjamin ; Co, Steven ; Sun, Tianze ; Lim, Carmen C. W. ; Stjepanovíc, Daniel ; Leung, Janni ; Saunders, John B ; Chan, Gary C. K.

Journal: Addictive Behaviors

Year Published: 2023

Date Added: December 22, 2022

This article is a scoping review of research on cryptocurrency trading and its links to problem gambling and mental health. It also explores the demographic and personality characteristics associated with cryptocurrency trading. The authors reviewed eight studies that were published between 2019 and 2022. The authors found that more intense cryptocurrency trading is associated with problem gambling. Moreover, people who trade cryptocurrencies appear to share some demographic and personality characteristics with people who engage in high-risk stock trading and people with problem gambling. The evidence on the effects of cryptocurrency trading on mental health is mixed.

Citation: Johnson, B., Co, S., Sun, T., Lim, C. C. W., Stjepanovíc, D., Leung, J., Saunders, J. B., & Chan, G. C. K. (2023). Cryptocurrency trading and its associations with gambling and mental health: A scoping review. Addictive Behaviors, 136, 107504. https://doi.org/10.1016/j.addbeh.2022.107504

Article DOI: https://doi.org/10.1016/j.addbeh.2022.107504

Keywords: cryptocurrency ; stock market

Conceptual Framework Factors: Gambling Types ; Psychological - Comorbid Disorders ; Psychological Factors

Study Design: Scoping Review

Study Funding:

The National Centre for Youth Substance Use Research (NCYSUR) is supported by funding from the Australian Government Department of Health under the Drug and Alcohol Program.