The Cryptocurrency Industry and Earnings for Women
Recent research has revealed that women in the cryptocurrency market earn nearly 15% more than their male counterparts. This disparity pertains to salaries for work performed, rather than profits generated from trading.
In the United States, the median salary for full-time women employees in the cryptocurrency sector stands at $172,000, while for men it is $150,000. This finding comes from a study conducted by Pantera Research Lab.
“Our analysis indicates that the salary differences between male and female employees in the cryptocurrency industry are the inverse of what is typically observed,” stated Pantera researchers Matt Stephenson, Ally Zach, and Nick Zurck in a note dated July 29.
Women in industries outside of cryptocurrency generally earn significantly less—only $0.84 for every dollar earned by men, according to experts from the venture capital firm.
“The comparatively equitable salaries in the cryptocurrency sector suggest a shift towards greater gender equality, marking a progressive trend in this relatively new industry,” the researchers added.
But what evidence did the company use to reach such conclusions? Pantera collected data from 502 full-time employees in the United States between June 4 and July 20, 2024. The online survey was distributed through LinkedIn, social media platforms, newsletters, and emails.
What explains this phenomenon?
The higher earnings for women may be partly attributed to their greater experience in cryptocurrency firms, with a median tenure of 5.3 years compared to 4.5 years for men. Many women hold mid-level and senior positions, while a larger portion of men occupy entry-level roles.
However, it's important to recognize that women are likely still facing certain obstacles within this industry, the researchers noted. Additionally, a report from Forex Suggest indicated that out of 50 CEOs in the cryptocurrency market in 2023, only three were women.
In conclusion, it is worth noting that the cryptocurrency industry offers the potential for above-average earnings, benefiting both men and women alike.
