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Title: Grineo Review: Digital Currency Space Needs More Women in 2024
Sydney, Australia, 23rd Jan 2024 - Grineo, headquarters.In recent years, the world has witnessed a significant rise in the popularity and adoption of cryptocurrencies. With the emergence of blockchain technology, the crypto industry has become a force to be reckoned with. However, despite its exponential growth, there is still a noticeable gender gap within this male-dominated sector.According to the latest research from various sources, women now represent only a small percentage of the entire global workforce. For instance, according to the Global Gender Report 2023, made by World Economic Forum (WEF), between 2019 and 2020, the global women’s labor-force participation rate declined by 3.4%, as compared to 2.4% for men.Analysts from CeFi platform Grineo as per the special request of Blockonomi explored the gradual changes being seen in gender disparity in the crypto and blockchain industries.Gender Disparity in the WorkforceWomen have been (re-)entering the workforce at a slightly higher rate than men since then, resulting in a modest recovery in gender parity. Between the 2022 and 2023 editions, parity in the labor-force participation rate increased from 63% to 64%. However, the recovery remains unfinished, as parity is still at the second lowest point since the first edition of the index in 2006 and significantly below its 2009 peak of 69%.In the crypto industry, this gender disparity is even more pronounced. Currently, women represent just a fraction of the workforce in the crypto industry, with the number hovering around 10-25% according to various data. Despite comprising almost, a quarter of the crypto industry's workforce, women remain drastically underrepresented as founders and partners. Crunchbase says that a mere 3% of crypto businesses are led by fema...
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