Gender Imbalance: Survey Says Men Dominate Crypto Sector

International Women’s Day (IWD) may be a good time to discuss the gender imbalance among investors in the crypto sector. Certain researchers have reported misappropriation of how men and women are represented in the burgeoning industry. Unfortunately, the ecosystem’s rise in prominence has not contributed significantly to ensuring gender balance. 

Financial Inclusion to Include Women 

Ultimately, one of the goals of the digital asset sector is to promote financial inclusion and encourage individual empowerment. Beyond focusing on the marginalized and the unbanked, this goal also cuts across both genders. Up until now, men have dominated the digital asset sector, whether as investors, developers, CEOs, or even founders. 

According to Gemini’s Global State of Crypto 2024 report, the ownership gender gap is prominent. The gap widened between 2022 and 2024. 

This research involved 6,000 adults from five countries: the U.S., the UK, France, Turkey, and Singapore. From 42% in 2022, the share of women among the respondents dropped to 31% in 2024. 

Meanwhile, this report suggested that both men and women are interested in holding their crypto for a long time. In the UK, however, more women have held their crypto assets a year longer than their male counterparts. 

Female Crypto Investors Seek to Improve Well-being 

BDC Consulting conducted a survey and discovered that more than half of the women who invested in crypto did so to improve their well-being. 

Rather than trade their crypto assets, these women are more likely to hold (HODL) them for long terms. From this study, BDC Consulting identified a few factors possibly responsible for women’s entry barrier into this ecosystem. 

Insufficient educational materials and shared family budgets were highlighted. At other times, it is a function of the offensive comments passed by male peers in crypto-related online communities.

Singapore Women Take Over the Crypto Trading Landscape 

Crypto firms and related businesses may need to explore strategies to attract the feminine gender and establish them in the sector. 

As stated in a 2023 Independent Reserve Cryptocurrency Index (IRCI) survey report, some female crypto traders exist in regions like Singapore. The study highlighted how these female crypto investors are more optimistic about the asset class than their male colleagues.

The US has little historical data on women’s participation in the crypto sector. However, with a new pro-crypto administration, the outlook may improve soon to accommodate more women.