A recently published report for the year 2023 sheds light on an intriguing trend in Kenya’s cryptocurrency landscape. Remarkably, 42% of cryptocurrency ownership in Kenya is attributed to women, placing the country in an impressive third position globally for gender equity in cryptocurrency ownership and securing the top spot in Africa.

This report sought to investigate gender representation disparities within the cryptocurrency and blockchain sector, particularly regarding leadership and influence. It revealed that the countries with the highest proportions of female crypto ownership are as follows:

1. Vietnam (47%)

2. Indonesia (43%)

3. Kenya and Colombia (both at 42%)

The inclusion of Kenya and Colombia in this list raised intriguing insights. Both nations share similarities with Vietnam and Indonesia, as they are developing economies where employment opportunities are often limited and compensation is comparatively lower than in developed nations. Moreover, traditional gender roles often place men as the primary breadwinners in these societies.

The report suggests that the significant presence of female crypto owners in these countries signifies a growing trend of women utilizing cryptocurrency as a means of generating supplementary income. This is particularly noteworthy in regions where the local economy and cultural norms offer limited avenues for women to achieve financial success.

The comprehensive breakdown of global crypto ownership by gender is detailed below:

Separately, the report examined the proportionality of female ownership relative to the overall population. Nigeria and South Africa emerged as countries demonstrating notable inclusion in this regard.

Furthermore, the report scrutinized women’s roles as leaders and influencers in the cryptocurrency community, revealing stark underrepresentation in these areas across the cryptocurrency and blockchain industries. Key findings included:

– A mere 6% of CEOs among the 50 blockchain companies analyzed were women.

– Men occupied 94% of top executive positions.

– Expanding beyond CEO roles, men held approximately 77.6% of leadership positions, while women accounted for just 22.4%.

– Chainalysis led the way in terms of gender inclusivity, with women comprising 46% of leadership roles. BitOasis and Coinbase also demonstrated notable female representation, with approximately 42% and 33% of leadership positions held by women, respectively.

Turning to the realm of social media, the report explored the top 50 influencers in the crypto space on Twitter. It revealed that a mere seven out of the 50 were women, highlighting a meager 14% female presence among prominent voices in the crypto sphere. Layah Heilpern achieved the highest rank in terms of reach and engagement among women, while Ripple CEO, Brad Garlinghouse, emerged as the most engaging crypto influencer overall.