New research found that only 6% of large crypto firms have female CEOs
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New research conducted by Forex Suggest looked into the blockchain industry leaders, trying to find how many men and women lead the sector by running the top crypto and blockchain firms. The results of the study show that the blockchain industry is still heavily dominated by men, with only 6% of CEOs of leading firms being women.
In other words, 94% of top crypto-related firms’ CEOs are men, leaving the industry with a similar disproportion as it had seen throughout its history.
What did the research find?
The study conducted a gender comparison by looking at the leadership of the 50 largest crypto and blockchain firms. It also compared the influences of their CEOs and the gender disparity in other leading positions within the companies.
Forex Suggest found that the firms with the highest levels of female leadership staff were Chainalysis and BitOasis. Chainalysis has 46.15% of leading positions filled by female employees, while BitOasis is a close second with 42.86%.
This suggests that men still hold larger figures, even in these companies. The rest of the list revealed that “high levels” of female leadership make up only one-third of management roles in firms such as Coinbase, Circle, Elliptic, and Anchorage Digital. The firms with the fewest women in leadership positions among the 50 firms included Coinrule and Trust Capital.
The two made the bottom because no women were in leadership roles at all.
How many women are in leadership positions in crypto?
Women continue to be a minority in the crypto industry, even in countries that are the closest to equal levels of adoption. For example, researchers found that in Vietnam, men and women are nearly the same in their interest in holding and using cryptocurrency. However, even there, women still need to be at 50%, as the real figure is at 47%.
Indonesia also scores high, with 43% of crypto owners being women. Right after Indonesia are Kenya, and Colombia, each of which saw 42% of women owning crypto compared to 58% of crypto users being men.
The crypto industry has been seeking to achieve gender equality in the crypto industry for years, resolving education and awareness campaigns, inclusion and representation, using female celebrities to advertise digital currencies, and many other methods.
A report from 2020 even noted that the number of women in crypto and blockchain was skyrocketing, with some exchanges seeing a 160% surge. However, it appears that there is still room to improve when it comes to leadership roles in large crypto companies.
