A new report from BITmarkets, a prominent crypto exchange, has shed light on gender dynamics within the cryptocurrency community, revealing that while women remain less likely to be crypto holders than men, their interest in the sector is growing.
Fewer Female Holders but Rising Interest
The BITmarkets Academy, the educational division of BITmarkets, surveyed 1,550 respondents from select European markets.
The findings show that only 11% of the women surveyed own cryptocurrencies, compared to 21% of men.
However, a positive trend emerged: nearly half (46%) of the women expressed an interest in cryptocurrencies, indicating an increasing curiosity about the digital asset world.
Moreover, 54% of women reported being interested in learning more about crypto, with many looking to start through professional training.
This highlights a potential shift towards increased engagement in the sector as more women seek education to build their understanding.
Knowledge Gaps and Educational Needs
The report also highlighted significant knowledge gaps within the community. When asked about the meaning of technical terms such as “crypto-exchange,” 14% of men and a notable 24% of women admitted to having no understanding of the term.
This gap widened when discussing newer concepts, such as “crypto ETFs,” with 29% of men and 41% of women unaware of their meaning.
Growing Female Interest: A Sign of Change
Despite these disparities in current ownership and technical knowledge, BITmarkets’ research shows that women are becoming increasingly curious about crypto.
This rise in interest could pave the way for greater female participation in the future, particularly as education and awareness play crucial roles in building confidence and overcoming barriers within the financial landscape.
Comparative Studies on the Crypto Gender Gap
Other studies have also provided insight into gender representation in the crypto space. Last September, Gemini published survey results conducted by Data Driven Consulting Group with 6,000 respondents from the USA, UK, France, and Singapore.
This study found that 69% of crypto holders were men, while 31% were women, presenting a larger gender gap compared to BITmarkets’ European data but underscoring a similar pattern of male dominance in the field.
Contrasting these trends, a survey by Pantera Capital conducted last July focused on blockchain sector compensation and revealed an unexpected outcome: women in the crypto industry earned 15% more than their male counterparts.
Among 502 respondents, the median base salary for women was $172,000, compared to $150,000 for men.
Outlook for Women in Crypto
BITmarkets’ findings suggest that while women currently represent a smaller proportion of crypto holders, their increasing interest could signal a shift in the industry.
Bridging the knowledge gap through targeted education and fostering financial confidence could be key in empowering more women to enter and thrive in the crypto world.
The growing curiosity and higher median earnings reported by Pantera Capital provide a hopeful outlook for more balanced gender representation in the sector.
