Blockchain and Crypto in the Labor Market: Overview of Salaries, Taxes and the Most In-Demand Jobs

Blockchain and Crypto in the Labor Market: Overview of Salaries, Taxes and the Most In-Demand Jobs

Over the past months, the cryptocurrency market has been demonstrating bearish sentiment, with crypto prices falling to a yearly lows. This is making some blockchain companies rethink their business models and cut employees.

However, the slump didnt prevent the blockchain industry from experiencing a human resources boom, as evidenced by an active growth of vacancies associated with blockchain and digital assets, according to the latest study by recruiting site Glassdoor.

Increase in demand for blockchain-related jobs

As estimated by LinkedIn analysts, 645 vacancies tagged with the words blockchain, Bitcoin, or cryptocurrency were published on the site in 2016. By 2017, this value has surged to approximately 1,800 and to 4,500 vacancies by mid-May of this year. As of now, LinkedIns search system displays 13,816 records related to blockchain and 2,479 records related to cryptocurrency.

These estimates are supported by recent data published by Glassdoors recruitment portal. As of August 2018, United States companies had posted 1,775 vacancies related to blockchain technology, which is three times more compared to the previous year.

As noted in the Glassdoor report, 79 percent of the vacancies are concentrated in the 15 largest American cities, and the most saturated demand regions show that New York and San Francisco account for 24 percent and 21 percent of the total number of crypto-industry job openings. The current total number of blockchain and cryptocurrency vacancies worldwide has grown to around 3,000 and 900 correspondingly.

Software developers are the highest demanded occupation, with 19 percent of vacancies published by employers seeking employees falling into this category. In addition to programmers and technical specialists in the crypto industry, there is a shortage of product managers, risk analysts and marketing specialists.

Traders and investment analysts are not among the most sought-after professionals in the crypto industry. But there are more and more vacancies for s ...

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Tags: exchanges, Blockchain, Employment, Cryptography, Salary, San Francisco, IBM, The Following, United States, Market (economics), Demand