Women leading the crypto crusade

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The perception that crypto is only for men – the so-called ‘crypto bros’ touting tips and opinions in spades – is quickly questioned by the growing number of women who are not only entering the industry. industry, but occupy managerial positions.

In 2020, there was a 43% increase in the number of women working in the crypto economy, reports CoinMarketCap, a statistic that reflects an evolving industry that is fighting against its own stereotypes.

Women are founders, co-founders, chief strategy officers, blockchain professors, executive directors, CEOs and beyond, fulfilling all kinds of roles as they lead their businesses and industry toward the digital revolution. cryptography.

Perhaps one of the most well-known women in crypto, both inside and outside the industry, is Blythe Masters, a former executive at JPMorgan and creator of the credit default swap. She was the first major banking executive to leave Wall Street in favor of crypto, where she served as CEO of Digital Asset Holdings for four years before stepping down (while remaining on the board). Digital Asset Holdings is a financial technology company that is a leader in smart contracts.

Currently, Masters is the CEO of Motive Capital Corp, a SAVS sponsored by private equity firm Fintech Motive Partners.

Catherine Coley is another woman to hold the CEO role as the former director of Binance.US, an online platform, cryptocurrency marketplace and a subsidiary of the world’s largest crypto exchange. As CEO, she has made an effort to fill the positions under her responsibility with various hires, including bringing in Rena Shah, who is currently head of exchanges at Binance.US. Shah started out as a petroleum engineer for oil rigs, before moving to the crypto world as a crypto miner.

“I am confident that digital asset management roles will help more of the underrepresented people in past industries have the chance to define the digital future on the path to financial independence and freedom,” said Coley in an article for Business Insider.

Earlier this year, Katherine Dowling joined Bitwise as General Counsel and Chief Compliance Officer. Dowling brought over a decade of experience as a prosecutor to the United States Attorney’s Office, where she worked on financial crimes, as well as managerial experience in wealth management firms before moving on to to Bitwise, a leading crypto asset manager, according to a press released earlier this year.

“Every day there is an evolution for crypto, there is so much going on in this space,” Dowling told Blockworks in an interview.

Other notable women in crypto include Meltem Demirors, chief strategy officer at CoinShares; Elizabeth Stark, CEO and co-founder of Lightning Labs, which works to bridge the gap between open source software and next-generation bitcoin financial software; Joyce Kim, co-founder and executive director of Stellar.org; and Dr Sally Eaves, CTO of Emerging Technologies, Professor of Blockchain, Global Strategic Advisor and Founder of Aspirational Futures.

Women crypto advocates also come from outside the industry. SEC Commissioner Hester Peirce has been dubbed a ‘crypto mom’ by the crypto community and is a strong advocate and supporter of the potential of digital assets, reports Blockworks. She is one of five SEC commissioners, having been appointed in 2018, and has done everything from defending a spot bitcoin ETF to criticizing the regulator’s approach to imposing fines. to exchanges, arguing that the “first” approach is not the right way to work to regulate the crypto space.

The spotlight on the gender gap in crypto, however, is shining a little brighter these days; DCS 2021, which is part of Blockchain World, announced in a press release that it will present Women in Blockchain and Cryptocurrency at the festival which will take place from December 15 to 17. The goal is to be an inspiration to women joining the crypto ecosystem, promoting diversity and challenging the long-standing status quo in finance.

A recent survey by CNBC and Acorn found that men are currently investing in cryptocurrency at a rate more than double that of women (16% of men vs. 7% of women). This dichotomy is widely seen in the financial world, where women and people of color typically lag behind their white and male counterparts, both in investments and in running the business.

“Women have a real opportunity to lead, to create and to define how the world will work and how money will flow. This freedom contrasts with the start of my career on Wall Street, which has spanned over 200 years since opening America’s first bank to place a woman at the highest level of leadership. There is so much potential for growth and diversity of leadership and thinking, ”said Coley.

For more news, information, and strategy, visit Crypto Channel.

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