A recent survey by Pantera Capital reveals that women in the crypto industry earn nearly 15% more than their male counterparts, marking a significant shift towards gender equity in this field.
Points
- Women in crypto earn 15% more than men on a median salary basis.
- The survey indicates a reversed gender wage gap in the crypto industry.
- Both men and women in crypto earn higher salaries compared to most professions.
A recent survey conducted by Pantera Capital has unveiled a significant finding: women in the cryptocurrency industry are earning nearly 15% more than their male counterparts on a median salary basis. This discovery highlights a reversed gender wage gap in the relatively new and progressive field of cryptocurrency.
Reversed Gender Wage Gap
Pantera Capital researchers Matt Stephenson, Ally Zach, and Nick Zurck explained on July 29 that their analysis found gender wage differentials among crypto employees are the reverse of what is normally observed. This trend suggests a move towards greater gender equity in the crypto industry, a positive development in an industry often criticized for its lack of diversity.
Median base salaries between male and female employees. Source: Pantera Research
The survey collected data from 502 United States-based full-time employees between June 4 and July 20, 2024. The web-based survey was disseminated via professional networks such as LinkedIn, X, newsletters, and emails. Despite the encouraging results, the researchers noted that women still likely continue to face hurdles and obstacles in this industry.
Higher Salaries in Crypto
Both men and women in the crypto industry are walking away with higher salaries compared to most professions. This trend underscores the lucrative nature of the cryptocurrency field and its potential to attract top talent across gender lines. The findings from Pantera Research indicate that the relatively fair wages in crypto suggest a progressive trend towards gender equity, marking a significant shift in the industry’s dynamics.
Weekly median base salaries of male and female crypto employees compared to other professions: Source: Pantera Research
Conclusion
The Pantera Capital survey provides a promising glimpse into the evolving landscape of the cryptocurrency industry. The finding that women in crypto earn 15% more than men on a median salary basis indicates a positive move towards gender equity in this innovative field. While challenges remain, the higher salaries and progressive wage trends highlight the potential for the cryptocurrency industry to lead by example in promoting diversity and equality.