Crypto job openings surge 395% in a year, with Miami, Austin and Denver emerging as new hubs

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The crypto space is facing a hiring frenzy, and this trend is likely to continue.

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crypto-related job postings According to a recent analysis by LinkedIn, the US grew by 395% in 2021 compared to a year ago, indicating the expansion of the industry. Companies ranging from tech giant Meta FB,
+1.66%,
Twitter TWTR,
-0.67%,
Amazon AMZN,
+0.57%
JPMorgan JPM for Wall Street Firms,
-6.15%
And Fidelity has posted all the open positions for crypto talent in 2021.

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According to LinkedIn, the growth rate of crypto hiring has surpassed that of the broader tech industry, which saw a 98% increase in job postings in 2021.

Jason Lau, chief operating officer of crypto exchange OKCoin, told Businesshala that “we are hiring quite a bit. At last count, I think we had 50 open positions.

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“And it’s going to keep hiring. I can’t understand how we and other companies are still trying to expand in this area,” Lau said.

crypto hub

LinkedIn reported in a followup to Businesshala that San Francisco (Bay Area), Austin, New York City, Miami-Fort Lauderdale and Denver saw the most crypto job postings in 2021, as a variety of crypto companies settle in such cities.

Miami Hosts Annual Bitcoin Conference, Has Its Own Cryptocurrency MiamiCoin, While Austin Claims Vibrant Crypto Culture, New York City mayor and bitcoin enthusiast Eric Adams vows to make the big apple “Center of the Cryptocurrency Industry,

In 2020, the top five regions with the most crypto job listings were San Francisco (Bay Area), New York City, Raleigh-Durham-Chapel Hill Area, Greater Philadelphia, and Los Angeles.

demand in engineering

According to a LinkedIn analysis, companies are hiring the most aggressively for engineering roles, as job titles with blockchain developer and blockchain engineer account for 15.6% of total crypto-related job listings.

While most hiring falls into software and finance roles, other sectors, such as accounting, consulting, staffing and computer hardware, also saw demand for crypto talent, the study shows.

Developers participating in the creation of Web3, which enthusiasts refer to as the next generation of the Internet, reached an all-time high in January, with more than 18,000 monthly active developers coded in open source crypto and Web3 projects. . To A report by crypto venture capital firm Electric Capital, 65% of active developers in Web3 will join in 2021, reveals report.

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