Crypto-Related Job Postings Up 395% in 2021; outpacing the tech industry: LinkedIn

The global crypto frenzy has reached another level as the industry grows exponentially despite regulatory hurdles in many countries. With a massive increase in the popularity of digital currencies, tokens, and more recently, non-fungible tokens (NFTs), the job market is booming. Crypt-based job postings are skyrocketing.

According to the latest analysis from Microsoft-owned job networking platform LinkedIn, crypto-related job openings in 2021 have surpassed all popular IT and tech industries, suggesting future disruptions.

LinkedIn analysis shows that job postings with titles containing terms such as “bitcoin”, “ethereum”, “blockchain” and “cryptocurrency” increased by 395% in the United States from 2020 to 2021 , outpacing the broader tech industry which saw a 98% increase in enrollment over the same period.

This trend has not only been seen in software and finance, but also in accounting and consulting. “While most job postings were in software and finance, other industries are also seeing an increase in demand for crypto talent. These include professional services such as accounting and consulting, as well as personnel and hardware sectors,” the report said.

What types of positions are companies recruiting for?

Linked’s analysis indicates that some of the most common titles companies hire for include blockchain developers and engineers.

Hiring demand saw a massive surge in 2021 amid an influx of funding, he said, citing data from PitchBook which highlighted that investors around the world poured $30 billion into crypto and blockchain startups in 2021.

At the same time, public interest in crypto has also “exploded as high profile evangelists like Elon Musk praised the technology – and crypto companies have entered the mainstream, as evidenced by the new Arena in Los Angeles, the report suggests.

The LinkedIn report says that despite the booming growth of the wider industry, some experts have expressed “skepticism” about the long-term usefulness of the technology and say “crypto is a bubble.”

Meanwhile, in India, the crypto industry is experiencing both the best and the worst of times. Although local crypto-related businesses are taking advantage of the massive popularity of digital currency, regulatory uncertainty continues to linger as India has yet to finalize its crypto policy.

Despite these regulatory hurdles, India ranks second in cryptocurrency adoption, behind only Vietnam, according to the Global Crypto Adoption Index 2021. The Indian cryptocurrency market is expected to hit $241 million by 2030, according to research by Nasscom and crypto exchange WazirX.

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