Bitget report: Blockchain startups guided by women only receive 6 % of total financing

Victoria, Seychellen, January 11, 2024, Chainwire

Bitget , The world's leading cryptocurrency exchanges and web3 company has published a study in which the latest trends in the blockchain startup financing landscape and their influence on gender-specific differences in the investment patterns are analyzed. The study extended over two years and was based on qualitative and quantitative data in order to provide a clear overview of the financing gap, the male and female startups. The purpose of this investigation was to highlight existing problems of gender in the industry and to give insights into possible solutions.

The central theses:

• Overall, the procurement of funds due to blockchain startups between the first quarter of 2022 and the third quarter of 2023 decreased by 70.1 % per quarter.
• During the investigation period, blockchain startups collected $ 27.85 billion, with blockchain startups guided by women only received 6.34 % of total financing.
• The number of blockchain startups led by women has dropped by 45.2 % since the beginning of 2022, but already shows a recovery.
• The proportion of startups guided by women rose from 8.3 % in 2022 to 8.6 % in the third quarter of 2023.
• The financing of blockchain projects guided by women reacts more sensitively to negative changes, but less sensitive to upward trends
• There is a great need for start -up centers that are able to promote startups founded by women and create a more integrative and encouraging environment for their development.

The report went into the main reasons for the continued inequality and found that the blockchain startup financing led by women is influenced by general trends in investments in startups, the general cryptom market situation, investor's mood and the bias of the investors. The latter factor is interpreted as a result of the fact that over 90 % of the funds flow into projects guided by men.

The Bitget team based its research approach on the period from 2022 to the first three quarters in 2023 in order to gain current insights into the evaluation principles of the current market and to gain insights into potential trends. The trends that affect the availability of financial resources are the prevailing pessimistic mood, which has led to the number of deals in 2022 by 61.6 %, which led to lower investment volumes. The lowest recorded value was $ 1.97 billion, which makes up for 29.1 % of the high in the year in early 2022.

It has been shown that gender-specific prejudices have a decisive influence on investments, since the statistics show that startups led by men attract $ 27.85 billion, while blockchain startups led by women earn $ 1.77 billion or only 6.34 % of the total amount. However, the proportion of startups guided by women has increased slightly, from 8.3 % in 2022 to 8.6 % in the third quarter of 2023.

The study carried out by Bitget shows a clear connection between the gender of the founder and the investment volume and raises questions about the predominance of bias in the crypto industry. In view of the integrative and global character of the blockchain-based economy, the fact that gender-specific prejudices play a crucial role in the restriction of commitment and possibilities, an unacceptable phenomenon that has to be addressed. Gracy Chen, the managing director of Bitget, commented on the report:

"As a leading company in the crypto industry, we are aware of our responsibility to address uncomfortable truths and to bring about significant changes. The differences in our study are an urgent memory that we have to strive for an ecosystem in which talent and potential are the only criteria and that is free of gender -specific prejudices. Determined to promote an integrative environment in which everyone, regardless of gender, enjoys the same opportunities in this transformative sector. ”

The report also illuminates some important dynamics in the industry and underlines the influence of investigative mood on the startup potential and the liability based on the gender of the founder under the influence of market conditions.

about Bitget

founded in 2018, Bitget is leader cryptocurrency exchange and web3 company. The Bitget exchange serves over 20 million users in over 100 countries and regions and strives to help users with their groundbreaking copy trading function and other trade solutions to help act more intelligently. Formerly known as Bitkeep, bitget-wallet is a first-class multi-chain-krypto wallet that offers a number of comprehensive web3 solutions and functions, including wallet functionality, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap, swap NFT marketplace, Dapp browser and more. Bitget inspires individuals to use crypto by working with credible partners, including the legendary Argentinian football player Lionel Messi and the official organizer of eSport-Events e.g.

For more information, visit:

contact

Rachel Cheung
[Email Protected]