Women in crypto are earning nearly 15% more than their male counterparts on a median salary basis.
According to a recent survey conducted by Pantera Research Lab, the median annual salary for full-time working women in the United States crypto sector stands at $172,000, surpassing the median salary of men which was recorded at $150,000.
The revelation marks a significant departure from the conventional gender wage gap seen in many other sectors.
Women in Crypto Have More Experience
One contributing factor to women’s higher salaries in the crypto industry could be their greater experience within crypto companies, with women averaging 5.3 years compared to men’s 4.5 years.
Additionally, women are more prevalent in mid-level to senior positions, while a larger proportion of men occupy entry-level roles as they transition into the crypto sector.
At non-crypto companies in the U.S., a woman generally earns 84 cents for every dollar a man earns. In crypto, women earn about 15% more than men based on median base salaries, translating to $1.15 for every dollar a man makes.
— Pantera Capital (@PanteraCapital) July 31, 2024
Despite these positive trends, Pantera researchers cautioned that hurdles and challenges likely persist for women in the industry, citing a scarcity of female representation in top leadership positions.
A report from Forex Suggest revealed that only three out of the 50 leading crypto CEOs in 2023 were female, underscoring the ongoing need for greater gender diversity and inclusion in the crypto space.
“Our analysis finds that gender wage differentials among crypto employees are the reverse of what is normally observed,” Pantera researchers Matt Stephenson, Ally Zach, and Nick Zurck explained.
The study’s results shed light on a progressive shift towards greater gender equity within the crypto space.
It contrasts starkly with the widespread wage disparities experienced by women in non-crypto companies, where women typically earn $0.84 for every dollar earned by men.
“The relatively fair wages in crypto suggest a move toward greater gender equity, marking a progressive trend in this fairly new field.”
Pantera’s comprehensive data collection involved 502 full-time employees based in the United States, gathered between June 4 and July 20, 2024, through various professional networks and communication channels.
Fed Survey Finds Decline In US Crypto Ownership And Usage
The number of United States adults reporting crypto ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Fed.
The survey revealed that approximately 18 million US adults reported using cryptocurrencies in 2023, representing a drop from previous years.
Among those who reported using crypto, only 1% stated that they used it for financial transactions or sending money, which is a 50% decrease from the previous year.
On the other hand, 7% of respondents mentioned purchasing or holding cryptocurrencies as an investment.
Regarding demographics, millennials (aged 30 to 44) constituted the largest group of crypto users, closely followed by Generation Z adults (aged 18 to 29).
Additionally, men were three times more likely to use cryptocurrencies compared to women.
