According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. Even more than the increase in tech-related job posts, this increase was also significant. These posts are becoming more diverse, as many industries require crypto-knowledge.
According to Linkedin, Crypto Jobs are on the Rise
Linkedin conducted a study of the crypto jobs market and found that there was a significant increase in job openings for cryptocurrency. This is despite the fact that other areas are growing at the same time. The company stated that job postings including the words “ethereum,” bitcoin,” and “cryptocurrency” grew almost 400% in 2021 when compared to the year before. Tech, however, managed only 98% growth in job postings during that same time.
According to analysis, this was because of the $30 billion that was poured into crypto in the last year. This led to many people being needed to create crypto-related companies. It was also due to the increased public awareness of crypto and the new bull markets that took hold last year.
Expansion in Cryptocurrency
Most postings were related to software and finance, but other fields such as accounting or consulting also need this kind of talent. There were also mentions of staffing and the provision of computer hardware services.
As the industry becomes more popular, crypto companies also seek out executives and employees from companies that work in finance or tech. It is not just happening in America, but it also happens in many other countries, including Korea, where cryptocurrency is gaining popularity. Last year saw a mass exodus in financial officers from the country, as former regulators and government officials left to join cryptocurrency exchanges.
The crypto boom has also caused some companies foreign to the field to jump on the crypto bandwagon, creating cryptocurrency jobs in traditional companies such as Accenture, KPMG, PayPal Holdings Inc., and JPMorgan Chase & Co, which now have divisions dedicated to cryptocurrency.
What do you think about the surge cryptocurrency-related job postings experienced last year? Leave a comment below.
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