Cryptocurrency Needs More Women, Says Exchange Boss
A leading figure in cryptocurrency trading says the industry can create more opportunities for women.
Speaking to Bloomberg, the chief executive officer of Melbourne-based BTC Markets, Caroline Bowler, said blockchain needs more female involvement and opportunities will emerge as the industry matures and crypto gains wider acceptance.
She said: ‘There are lots of entry points into cryptocurrency and into blockchain businesses and you don’t have to be a developer or specializing in blockchain in order to find your place within this ecosystem.’
Cryptocurrency is largely male-dominated, with men also more likely to be involved in crypto trading and investing.
Bowler, who sits on the board of Blockchain Australia, told Bloomberg: ‘It’s not perfect, there is that whole “crypto bros” subsection that still exists and I have no doubt will continue to exist. But as crypto becomes increasingly mainstream and more women come in, the impact of that crypto bro is diluted and the normal mainstream acceptance comes through.’
There remains a long way to go to achieve representative female involvement in finance, and especially fintech. While the numbers are increasing, it is a slow process. A 2021 report by Citywire confirmed the percentage of women who manage money worldwide had risen, but only from 10.3 per cent to 11.8 per cent.
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