Women in Crypto Companies Earn 15% More Than Men — Pantera Research Analysis
Date: 2024-08-01 Author: Henry Casey Categories: BUSINESS
A recent report from Pantera Research sheds light on an interesting aspect of salary policies in crypto companies: women in this industry earn 15% more than men. This finding is based on the results of a survey conducted from June 4 to July 20, 2024, in which 502 respondents took part.
Senior Positions and Experiences of Women
According to the report, women in the crypto industry hold higher positions compared to men, which largely explains the salary gap. The average income for women in crypto companies is $172,000 per year, while men earn an average of $150,000.
Analysts at Pantera Research note that this difference may be partly due to differences in experience levels and typical job titles. Women in the crypto industry often have more than five years of experience and hold mid- to senior-level positions, while men are more likely to start their careers in entry-level positions.
The average tenure of women in crypto companies is 5.3 years, which is longer than the 4.5 years for men. This may also contribute to their higher earnings, as longer experience is often associated with higher salaries and titles.
Interestingly, women in crypto firms earn $1.15 for every dollar that men earn. In comparison, in the traditional Web2 sector, this ratio is $0.84 to $1.
Barriers and Gender Equality
Despite the positive trends, researchers from Pantera Research emphasize that women in the crypto industry still face certain barriers. However, relatively high salaries indicate that the industry is moving towards greater gender equality.
“Fair wages in the crypto industry indicate that we are moving towards a more equal income distribution between the sexes,” the analysts comment.
Earlier in 2023, the average salary in crypto companies was $120,000, which also shows an increase compared to previous years. This data highlights the importance of further monitoring and analyzing salary trends in this rapidly developing field.
The overall conclusion of the Pantera Research report highlights the positive changes in the crypto industry, but also indicates the need for further efforts to achieve full gender equality.
