Crypto Job Ads Up Almost 400% In Past Year

January 17, 2022 12:19 pm

Linkedin reported that the number of job ads related to the crypto industry soared by almost 400% in 2021 which far exceeds the growth rate of the overall tech industry.

Looking into the data for 2022, it seems like the trend has no sign of slowing down as the data suggests that this growth in the industry will likely continue in the United States as well as around the world.

The majority of the job posts come from well-known crypto exchanges Coinbase, Kraken, and Binance where these three companies alone account for around 600 jobs already.

A survey was conducted last year that revealed that 27 crypto firms hired around 8400 employees which means an average of 300 per company with the crypto exchanges leading in headcount.

Jobs related to crypto are not only limited to specific types of firms however.

There has been a recent push within the HR industry where employees are requesting to have crypto as part of their compensation package.

This applies to positions such as NFL athletes to the mayor of New York City.

Cointelegraph reports:

Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings.

However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%.

Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into crypto influencing other industries:

While most of the job postings were in software and finance, other industries are also seeing a rise in demand for crypto talent.

These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.

If one observes the financial data, this recent hiring boom would make sense as there was also an influx of funding from investors last year.

Investors had contributed around $30 billion into crypto and blockchain startups last year while public awareness of the industry continued to increase and enter the mainstream.

Linkedin News had also made a post that gathered much attention as it announced that the amount of crypto-related jobs had skyrocketed since last year.

With that being said, it seems that some members of the LinkedIn audience still have some skepticism regarding crypto as it had past reputations for scams and un-proved value.

This is normal as any new industry that had the potential to disrupt traditional institutions and practices will always meet opposition, especially in the early stages of development as the applications of the technology are still maturing due to how new it is.

There are also specific hotspots for hiring within the United States.

Editorji.com reports:

The San Francisco Bay area, Austin in Texas, New York City, Miami-Fort Lauderdale and Denver were the areas that had the most crypto job postings in 2021.

While blockchain developers and engineers were the most sought after, with software and finance heading the space, more and more positions also opened up for professionals for accounting, consulting, staffing, and computer hardware development.

As the trend continues to grow and the industry continues to make headway to transforming more and more industries, experts predict that growth may possibly exceed what was seen in 2021 in the coming 5 to 10 years.

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