Suche
Mein Konto
More than 60% of employees work in trading and investment-related fields: New report shows global distribution of crypto workforce
Cryptocurrencies and blockchain technologies have gained enormous popularity in recent years. An employment study recently published by K33 Research now sheds light on the global distribution and concentration of crypto-related jobs. According to K33 Research, there are about 10,000 companies operating in the cryptocurrency space worldwide and around 200,000 people are employed in the sector. The total market value of these companies is $180 billion, which is higher than the nominal GDP of some Gulf countries. Unsurprisingly, the trading and investment portion of this industry is particularly popular. More than 60% of employees work in exchanges, brokerage firms and other crypto financial services. …
More than 60% of employees work in trading and investment-related fields: New report shows global distribution of crypto workforce
Cryptocurrencies and blockchain technologies have gained enormous popularity in recent years. An employment study recently published by K33 Research now sheds light on the global distribution and concentration of crypto-related jobs.
According to K33 Research, there are about 10,000 companies operating in the cryptocurrency space worldwide and around 200,000 people are employed in the sector. The total market value of these companies is $180 billion, which is higher than the nominal GDP of some Gulf countries.
Unsurprisingly, the trading and investment portion of this industry is particularly popular. More than 60% of employees work in exchanges, brokerage firms and other crypto financial services. The two largest crypto trading platforms, Binance and Coinbase, are also the top-rated blockchain companies in the world.
In addition to trading assets, the development of blockchain protocols, analysis tools and mining also play an important role. Around 40,000 people work in these areas. Another emerging sector is the non-fungible tokens (NFTs) market. Around 12,000 people work in NFT and NFT gaming projects.
The US remains the epicenter of crypto-related businesses, although there are still regulatory obstacles and uncertainties regarding the laws there. 30% of the global crypto workforce is in the US. Major crypto trading platforms such as Coinbase and Kraken are headquartered in the USA. The country is also a major center for Bitcoin mining.
Europe has a 23% market share and is a popular destination for crypto-related jobs. Asia is also seeing impressive growth in the crypto workforce, particularly in India and other countries in the Southeast.
An interesting trend in the industry is the widespread adoption of remote work. Particularly during the Covid-19 pandemic, the industry has adapted flexibly and enabled its employees to work from home. This offers companies access to a global talent pool without incurring large infrastructure costs.
However, there is also a new competitor to cryptocurrencies: artificial intelligence (AI). According to a study by CoinGecko, search interest in “AI jobs” is four times higher than “crypto jobs.” Interest in cryptocurrencies has followed the ebb and flow of the market, while interest in AI jobs has surged since the launch of OpenAI's ChatGPT in 2022.
Overall, the K33 Research report shows that the crypto industry has created a significant number of jobs worldwide. The USA remains the center of the industry, but Europe and Asia are also promising regions for crypto-related jobs. The adoption of remote work will continue to play an important role, and competition with AI could influence the future of this exciting industry.