According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. The increase was even higher than the general increase in tech-related job postings. The nature of these posts is also diversifying, with various industries requiring people with crypto know-how.
Linkedin Says Crypto Jobs Are on the Rise
An analysis of the cryptocurrency jobs sector made by the work-based social network Linkedin found that cryptocurrency job postings soared in 2021 even when compared to other growing fields. The company stated that job postings including the words “ethereum,” bitcoin,” and “cryptocurrency” grew almost 400% in 2021 when compared to the year before. The field outgrew even tech, which only managed to grow 98% in its job listings during the same period.
The analysis concluded this demand had to do with the influx of funding that flooded the crypto environment last year: $30 billion were poured into the crypto ecosystem last year, and this gave rise to many companies needing people to develop crypto-related projects. The public exposure of crypto and the new bull market that took off last year also had to do with this growth.
Crypto Expansion
While most postings had to do with finance and software development, other industries such as accounting and consulting are now also seeking out crypto-savvy talent. Staffing and computer hardware services were also mentioned.
Crypto companies are also poaching executives and workers from other companies in finance and tech, as the field becomes increasingly sought after. This phenomenon is happening not only in the U.S., but also in other countries where crypto has gained popularity, such as Korea. An exodus of financial officials in the country happened last year, when government officials and former regulators left their jobs to work for 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? Tell us in the comments section below.