Women in Crypto: Breaking the Glass Ceiling in Web3

The cryptocurrency industry, long perceived as a male-dominated space, is transforming.

Women are stepping into the spotlight, driving innovation, shaping policy, and contributing to the evolution of Web3, a decentralised version of the Internet powered by blockchain technology.

While challenges remain, women's increasing influence challenges stereotypes and opens doors to greater inclusivity in the crypto sector.

“Women are not only participating in crypto but leading pivotal projects and redefining what success looks like in Web3,” said Mr John Fenga, a cryptocurrency expert. “Their contributions are vital to ensuring this transformative technology benefits everyone.”

Changing Perceptions in a Male-Dominated Industry

Historically, the tech and finance sectors, from which the crypto industry has largely drawn its workforce, have been characterised by significant gender imbalances.

Early crypto enthusiasts were often stereotyped as male engineers and traders, which initially deterred many women from entering the space. However, this narrative is rapidly evolving.

High-profile female leaders such as American Cathie Wood, CEO of ARK Invest, and Elizabeth Stark, co-founder of New York-based Lightning Labs, have shattered the myth that crypto is solely a man’s domain.

Women-focused initiatives, such as SheFi and Women in Blockchain, further empower female entrepreneurs and investors, fostering a sense of community and collaboration.

Mr Fenga said: “Visibility is key. As more women take on leadership roles and make significant contributions, they inspire others to join and thrive in the industry.”

Women Leading Innovation in Web3

The decentralised ethos of Web3—where traditional gatekeepers are removed and participation is open to all — aligns with the values of diversity and inclusion.

Women play instrumental roles in shaping this new paradigm, leading projects prioritising fairness, accessibility, and social impact.

One notable example is the work of Roya Mahboob, an Afghan entrepreneur and founder of the Digital Citizen Fund. She has helped women in developing countries achieve financial independence and access to education through blockchain-based initiatives.

Similarly, Maggie Love, founder of SheFi, has created a platform that equips women with the knowledge and tools to invest confidently in decentralised finance (DeFi). Her efforts are helping to close the gender gap in a sector that many still find intimidating.

“The decentralised nature of Web3 offers a unique opportunity to level the playing field,” said Mr Fenga. “Women are leveraging this to lead projects that address real-world challenges, from financial inclusion to digital identity.”
Investing in the Next Generation of Female Leaders

One of the most significant barriers to entry for women in crypto has been a lack of access to education and mentorship. Addressing this, numerous initiatives focus on building a talent pipeline that includes women at every level, from developers to investors.

Universities and online platforms now offer specialised blockchain courses, and programmes like the ConsenSys Academy actively encourage women to enrol. Meanwhile, mentorship networks such as Women in Blockchain connect aspiring professionals with industry veterans.

The Economic Impact of Gender Diversity in Crypto

Studies consistently show that diversity in leadership correlates with better financial performance and innovation.

According to a report by CryptoCompare, companies with diverse teams are better equipped to navigate the complex and fast-paced environment of blockchain technology.

Women bring unique skills, including a focus on building trust and community — key elements in a decentralised world.

“Diversity isn’t just a moral imperative; it’s a business advantage,”  Mr Fenga said. “Companies prioritising gender diversity are positioning themselves for long-term success in the competitive crypto market.”

Overcoming Challenges and Bias

Despite progress, women in crypto still face significant challenges, including unconscious bias, unequal pay, and underrepresentation in leadership roles. The decentralised nature of Web3 has mitigated some barriers, but systemic issues persist.

A 2023 report by CoinDesk revealed that only 15% of crypto founders are women, highlighting the need for continued efforts to close the gender gap.

Additionally, the prevalence of online harassment and a lack of representation in venture capital funding are ongoing hurdles.

“It’s important to acknowledge these challenges while celebrating progress,” said Mr Fenga. “The industry must actively address these biases to ensure a truly inclusive future.”