US saw demand for crypto-related jobs postings jump 395% in 2021, highlights a recent analysis by LinkedIn. The demand shows the crypto industry’s expansion in the United States. Companies with the likes of Amazon, Twitter, JP Morgan, Meta, and Fidelity were looking to recruit professionals with crypto talent.
The analysis said the growth rate for crypto hiring has exceeded the broad tech industry, which recorded a 98% increase in job postings in 2021. Jason Lau, the chief operating officer at Okcoin, revealed that the company was also hiring and had like 50 openings. He said it will be a continued hiring. Crypto companies are expanding the space at a rapid pace.
Most of the crypto job postings in 2021 were noted in Austin, San Francisco (Bay Area), Miami-Fort Lauderdale, New York City, and Denver. In 2020, Los Angeles, Raleigh-Durham-Chapel Hill Area, and Great Philadelphia recorded demand for crypto-professionals. Miami has its own cryptocurrency, the MiamiCoin, and Austin is known for its vibrant crypto culture. New York has emerged as the city of bitcoin enthusiasts with its mayor Eric Adams vowing to make it “the center of the cryptocurrency industry”.
LinkedIn’s analysis highlighted that the majority of companies are looking for engineers, with blockchain developer and blockchain engineer – job titles making up 15.6% of the total crypto-related job listings. The roles come in finance and software departments. Other areas include consulting, accounting, staffing, and computer hardware.
Furthermore, there is a surge in demand for developers in the creation of Web3. The analysis pointed out that the average base salary for blockchain developers in the United States is $154,500 per annum. This is quite higher than the average salary for web developers which is $75,073.