Wed, July 24, 2024

Women are Transforming the Crypto Industry

CoinMarketCap's report

The crypto industry is evolving and women are willing to take part in this process. Moreover, women are not only trading cryptocurrencies but are working as analysts, developers, etc. Also, blockchain companies founded by women have the ability to compete with companies run by men. This industry helps to dismantle gender stereotypes.

Additionally, factors such as the Bitcoin price and investment attractiveness of cryptocurrencies helped to increase the number of women in crypto exchanges.

Interestingly, the crypto exchange Bithumb Global reported a 30% growth in the number of its female users in 2020. This is not the end of the story as the number of female users grew by 22% and 160%. The data came from the majority of top crypto exchanges. Moreover, since the beginning of 2020, women started to pay more attention to this industry.

A new era of the Crypto industryCrypto industry and new investors

Nevertheless, some people may think that the crypto industry is dominated by males. Hopefully, the report prepared by CoinMarketCap highlights that women changed this attitude. For example, the number of women in this industry rose in the first quarter of 2020.

Also, in the first quarter of this year, the number of women in the cryptocurrency industry rose by 43.24%.

Moreover, they are willing to invest in cryptocurrencies as can be seen from the study published in December by Bitcoin fund operator Grayscale. For instance, 43% of investors interested in Bitcoin are women. Furthermore, this number continues to grow and this is another good news for the industry.

Unfortunately, the current financial situation is quite difficult, and many people started to invest in real estate, gold, and cryptocurrencies. Moreover, many women found a safe haven in digital assets. It makes sense as cryptocurrencies offer a number of advantages compared to fiat currencies. Consequently, in this situation, cryptocurrencies may help to deal with some of the major issues.

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