?>

Women in Crypto: A Steadily Growing Trend as Female Numbers Increase

2.6 k views
Women in Crypto A Steadily Growing Trend as Female Numbers Increase

The crypto industry has always had a glaring problem: a persistent issue of gender gap.  However, in 2022, the problem is not so persistent anymore. 

Only a few years ago, the entire industry sprawled with men – on exchanges, in crypto communities, online or offline,  and at crypto conferences. As a matter of fact, men held the most crypto wallets, invested the largest sums of money and led (still lead) the most crypto outfits.

Tyler Gallager, a Forbes Council member, was so concerned in 2019 he wrote:

[Although] I have the pleasure to lead a cryptocurrency company. . . my industry has a problem. We definitely have a “bro culture.” If you go to a cryptocurrency conference, most of the attendees are men. Most of the speakers are men. Most of the leaders of crypto companies are men.”

Currently, while glimpses of the problem remain, the gender gap in the crypto community is getting closed. And in an astonishing manner too. Recent surveys by Gemini and BTC Markets suggest that more and more women are entering the crypto scene. As a matter of fact, for the first time, women are now taking the lead in a few metrics. Of course, there is still a long way to go before the crypto industry can even be close to being gender-balanced. But for now, the signs are auspicious enough, lining up in what is becoming an obvious cultural shift.

Women Taking More Risks

According to the new report by Gemini, contrary to the usual belief of women’s risk-aversion, there are now more female crypto investors than ever. 

Generally, women are considered to be more risk-averse in behavioral financial studies. This explanation sufficed in the past for the lack of female presence in crypto investment. However, women’s proclivity to be more measured in taking risks doesn’t seem to matter anymore. As a matter of fact, there are only two possibilities: One, either the crypto vehicle is not regarded as risky as it once was. Or two, risk never had anything to do with women’s involvement in crypto in the first place. 

BTC Market’s latest analytic report reveals women in 2022 are more likely to make larger first deposits in crypto investments than men.  Not only are women more willing to put more into wallet savings on first interactions, they are also the more likely non-crypto enthusiast to jump into the boat.  

Going by the Australian exchange’s report, male participation increased on its platform by 80%. On the other hand, female participation surged by more than double this figure, at an impressive 172%. 

One could say, of course, that female participation would only increase given there were only a few numbers to begin with anyway. But that does not explain BTC Market’s next interesting statistic. According to the exchange’s new reports, women were on average more likely to start with larger investment deposits. Data from the exchange says women’s initial deposits averaged $2,381, compared to the $2,060 in men. 

Women Crypto Participation Increasing Across the World

While BTC Market’s audience is skewedly Australian, new data from other countries suggest the same is happening across the world. In the US, for example, female crypto holders are increasing by the day.

The earlier mentioned survey by Gemini goes on to record that a quarter of US crypto holders are women. That’s an outstanding increase compared to 2018 when the World Economic Forum put female crypto engagement at about 5.27% of all participants. 

Asides from an increase in tendencies to “hodl”, Gemini’s report also suggests that 53% of US women are likewise “crypto curious”.  In a similar fashion, BlockFi reported that women who professed knowledge of crypto trading have almost doubled between last year and this January. According to this report, American women often consider cryptocurrency as a means to reach their financial goals. Female investors were quoted to have cited crypto trading as accepted means of fulfilling certain dreams such as vacations and educational pursuits.

Faraway in the Indias and Africa

Asides from Europe, America, and Australia, women are spearheading crypto movements in other parts of the world. For one, there has been massive involvement in this advancement among the Indian female population. Particularly among entrepreneurs and professionals: engineers, teachers, lawyers etc.

This year, BuyUcoin recorded a rise of about 140% YoY among its female users. At this time, Millennials seem to be the most popular users, the 18-35 age group making up 3 in 5 of every investor.

Similarly in Africa, young women like Charlene Fadirepo and Peace Ojemeh are leading crypto outfits and teaching awareness.

Prominent Women Leading the Crypto Way

There is still of course some grounds to be covered when it comes to influence and leadership. Despite last year’s improvement in number, BlockFi still noted that only a few female faces occupied leading positions in the industry. According to BlockFi’s data, just five of the highest-ranking crypto coins have female founders. That is out of the 121 “well-ranked” cryptos. Male leaders dominated all the others, and still dominate.

However, despite these numbers, some women have forged massive reputations in a male-dominated industry. Others are burgeoning and influencing others in less crypto-aware countries. Here are a few names:

  • Elizabeth Stark

CEO of Lightning Labs, Stark’s face is a familiar one at crypto conferences. The entrepreneur also commands a huge following on Twitter. Stark is one of the most figures to have redefined the cryptocurrency marketplace for women. The Lightning Labs cofounder is also known for an original common quote:

Welcome to Bitcoin, you can’t tell people what to do!”

  • Cathie Wood

Known for her strong opinions about Bitcoin and the crypto industry in general, Cathie is just as big a household name as many crypto influencers. The Ark Invest Founder has more than a million followers on Twitter. In 2018, Wood funded her alma matter to encourage young girls to embrace “disruptive innovation.”

Ark Invest Founder and Owner Cathie Wood is a fierce Bitcoin supporter. Credit: Reuters
  • Charlene Fadirepo

Fadirepo is a financial and crypto guru and one of Africa’s leading female voices. Fadirepo was a government regulator. Ever since she discovered the world of crypto,  Charlene had started several movements to educate young women, introducing them to crypto. The Nigerian American started GuideFi in 2019.

  • Caitlin Long

A long-time crypto-proponent, Long is as popular on Wall Street as she is in crypto circles. Long is the current CEO of Custodia Bank and a well-respected crypto analyst. Long often describes herself as a “Bitcoin Evangelist”.

  • Cleve Mesidor

Mesidor is the founder of Blockchain Foundation and LOGOS blockchain. Mesidor is intent on developing opportunities for both women and People of Color. Cleve is likewise concerned with the intersection of public policies and crypto and how they affect adoption.

  • Maliha Abidi

Pakistani-American, Maliha Abidi, is passionate about female crypto education. Credit: Syed Askiri.

Abidi’s stereotype-breaking NFTs gained traction last year. Pakistani-American’s first collection of NFTs – Women Rise – launched in October. Abidi, like others in this list, hopes to introduce more women into crypto. When quizzed about the purpose of her NFTs, Maliha replied: “to attract more women into the world of web3.” The release contained 10,000 dynamic pieces, each celebrating women.

Final Note

The crypto space is still quite far from a gender-balanced one, but there is hope. There is also an improved atmosphere. And this improvement is thanks to the industry’s increasing mainstream adoption, as well as key women influencers intent on female participation.

Bitcoin coin symbol
Btc
Bitcoin
$62.547
price
red chart
decrease symbol0.84959%
price change
TRADE NOW

As of now, there is an estimated 1 female crypto investor in 4 American ones. It is not a lot, but it is an encouraging stat, better than 1 in 20 four years ago. In the next few years, female crypto participation is sure to increase. Who knows what the future might hold then, and how many women would hold billions worth of crypto?

Previous

WMA: Bitcoin Hits 2-Month Low as the Market Continues to Bleed

Next

Art worlds unite to bring hope to the current global humanitarian crisis

Written by

Daami PK

@Daami

334 posts

PK Daami is a content writer, fiction lover, and AI developer. He writes or has written for outfits like Realm, ChangeNOW, and SatoshiLab’s Invity.

VIEW AUTHOR

More author posts

Turkey to Receive Crypto Aid Following Devastating Earthquakes

In the last 24 hours, several crypto businesses have stepped up with a promise to help Turkey after the nation suffered two ruinous earthquakes. These alongside numerous aftershocks have claimed over 1500 lives across Turkey and Syria. Parts of both regions have crumbled following the disaster meaning, not all the victims have been discovered yet. On Monday, February 6, Turkey's Kahramanmaras Province took a hit from a devastating 7.8 magnitude earthquake. A few hours later, it was followed by another…

Russia’s SberBank to Launch DeFi Platform in May

In a release on Friday, Russian news outlet Interfax shared updates regarding the nation’s largest bank, Sberbank’s forthcoming DeFi platform. Russia’s leading financial entity is reportedly making steady progress as it approaches its project’s launch date. According to Konstantin Klimenko, Product Director of the Blockchain Laboratory of Sberbank, open testing should kick off by March.  SberBank’s DeFi System to Replace its TradFi Systems At the moment, Sberbank’s platform is undergoing private beta testing. However, Klimenko set a tentative deadline for…

Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live

At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…

Doge Rises Amid Reports of Crypto Support on Twitter

According to a Financial Times report, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months.…

Cardano’s Dexes to List First ADA-based Stablecoin Djed Next Week

DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively   On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Publish your own article

Guest post article. Guaranteed publishing with just a few clicks

START PUBLISHING ADVERTISE WITH US

Browse categories

Explore trending topics in the crypto community right now.

Bitcoin

SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets

The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…

Bitcoin Should be Banned in the United States: Charlie Munger

Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China.  In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF

The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF.  Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor.  Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…

MORE ARTICLES

Ethereum

Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live

At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…

Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears

Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system.  However, since the Beacon launch…

FTX Hacker Converts 50k Stolen ETH to BTC

Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%.  https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…

Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant

According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US  Treasury Department. Indeed, the OFAC administers and enforces US  financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash.  According to…

MORE ARTICLES

Trading

How to Leverage Arbitrage Opportunities in Crypto Markets

Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.  Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…

The Different Types of Copy Trading in Crypto

Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…

How to Spot an Unsafe Crypto Exchange

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable.  With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange.  The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…

What Is Grid Trading in Crypto?

Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…

MORE ARTICLES

Tech

Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity

The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…

Bit2Me Champions WEMIX Token in Pioneering European Listing

Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…

CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades

In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing  CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…

Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management

The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…

MORE ARTICLES