Okcoin Commits $1M To Enhance Inclusivity In Crypto

Okcoin is one of the fastest-growing crypto platforms in the world. On December 3, 2021, the firm announced that it is launching the next phase of its mission to make the cryptocurrency space more inclusive via the launch of a $1 million commitment to bring in more women to the nascent industry. Okcoin also introduced the inaugural member of its brand advisory council, Randi Zuckerberg.

Randi’s primary focus will be to advise the firm on inclusivity initiatives and reach the target of a 50% female customer base by 2025. Zuckerberg is an investor, entrepreneur, award-winning producer, bestselling author, and founder and CEO of Zuckerberg Media and the Zuckerberg Institute.

In leading this council, she will advise on projects like allocating contributions to organizations. That will bring in more women into cryptocurrency careers, sponsor women-run blockchain technology programs, and support women-run crypto projects. Zuckerberg said:

“It’s always been a passion of mine to inspire and support women in technology, investing, and leadership, and I’m looking forward to continuing to do so as a member of Okcoin’s brand advisory council. Cryptocurrency has huge potential to make massive strides in creating a more equitable system, and it’s an honor to join in the Okcoin mission to create a more inclusive future of finance.”

https://twitter.com/randizuckerberg/status/1466463506258186250

Cryptocurrency is inclusive by design. They are decentralized and permissionless currencies that defy geographic borders. Crypto democratizes the chance to build wealth irrespective of gender, geography, and any other factors. While most women have advanced in the sector and become majorly respected leaders, the field is still mostly male dominated.

Based on recent surveys, double the number of men invest in crypto compared to women. The crypto investing gap is also bigger than the gap between men and women in more traditional investments like mutual funds, individual stocks, bonds, and real estate.

Okcoin Wants To Change Investment Dynamics

Okcoin is seeking to change the dynamic via initiatives that will make the cryptocurrency market more accessible to women. Also, the other groups that are currently sidelined in the traditional financial system and Okcoin is aiming to help.

In an aim to expand the access to the wealth-creating benefits of crypto, Okcoin also wants to create its brand advisory council. It will add more members who are dedicated to promoting inclusivity and equity. Okcoin CEO Hong Fang said:

“Historically, women and other marginalized groups have been locked out of the traditional financial system. Cryptocurrency is turning this norm on its head through the wealth-creating opportunities created by decentralized finance, but we’re still seeing lower adoption among women. With our $1M commitment and dedicated brand advisory council, we’re committed to making the crypto industry more inclusive.”

Okcoin CMO Haider Rafique stated:

“We’re breaking down remaining gender barriers as we work towards a customer base of 50% women by 2025. This is a really important goal as someone who has worked in crypto for years and always hoped to see more women be part of this new age of wealth creation. I see this as a natural focus as we create a more inclusive future of finance, making our products easier to use than ever and creating a brand that feels more welcoming for everyone”