Forex Suggest analyzed the top 50 founders of crypto companies and found that only 6% of them have female CEOs.
This highlights a significant disparity in the composition of the crypto industry, which Forex Suggest believes will have a negative impact on the industry in the long term.
Despite the industry being male-dominated, some companies have a higher proportion of women in leadership positions.
This includes Chainalysis, which has the highest percentage of female leaders (46.15%) compared to any other cryptocurrency or blockchain company.
The company's female leaders include CPO Pratima Arora and COO Sari Granat, as well as general counsel and three divisional vice presidents.
Another notable company includes BitOasis, whose leadership is made up of 42.86% women.
Despite these outliers, women only hold 22.39% of senior positions overall, compared to 77.61% of men.
Crypto: Entering a male-dominated industry
Additionally, when Forex Suggest ranked the most influential crypto and Bitcoin leaders, the highest rankings were men, particularly Binance CEO Qiao Changpeng and Ripple Labs CEO Brad Garlinghouse, CEO of Coinbase, Brian Armstrong.
By comparison, the most influential female crypto leaders ranked 15th, 34th, and 40th. They are BitOasis CEO Ola Doudin, Kaiko CEO Ambre Soubiran, and Elliptic CEO Simone Maini.
When it comes to crypto influencers, the story is much the same. Elon Musk is the most prominent figure in the industry, but the highest-ranking woman is Raya Heilpern at 29th place. She has 564,100 followers on X (formerly Twitter) compared to Musk's 129.4 million.
So why does the disparity occur? Are many women simply not interested in a career in cryptocurrency, or are the opportunities simply not available?
Forex Suggest's research points to the latter. The numbers show that there are a lot of women talking about this industry in the digital space, but they just aren't getting enough exposure.
Forex Suggest also analyzed Vietnam's crypto market and found that 47% of the country's crypto companies are run by women, the highest in the world.
The report suggests that Vietnam's culture supports women's access to the digital currency industry more than any other country. It reflects an issue of opportunity rather than profit.
Forex Suggest's claims about inclusivity in Vietnam may also be borne out. In 2022, the World Economic Forum's Global Gender Gap Report found that Vietnam received the highest score for economic participation and opportunity. This reflects the high participation of women in the crypto economy.
Therefore, the way to improve the under-employment of women in high-profile positions in the crypto industry is not to stimulate women's interest in the field, but to provide more opportunities and an equal distribution of roles. It is clear that this is the case.
