You might think that the crash in cryptocurrencies has caused the number of people working in this sector to plummet. But nothing is less true; this number has grown enormously.
Huge Growth in Crypto Jobs Despite Bear Market
That writes crypto exchange OKX in a annual research report. The demand for people with knowledge and skills of blockchains and cryptocurrencies grew by no less than 76% in June this year compared to the same month in 2021. That equates to approximately 850 million LinkedIn members worldwide. OKX has collaborated with LinkedIn, so it seems to be solely about LinkedIn data. However, this will provide enough data for a representative sample.
The 76% is an average, in some countries the growth is much higher. In Spain, the demand for talent has grown the fastest, namely by 609%. Canada and Brazil follow closely with no less than 560% and 518% respectively.
It is also striking that demand in China has grown enormously, despite the ban that was introduced in the summer of 2021. In China the growth was no less than 76%, not much less than the growth in Germany (82%). The demand for blockchain specialists in the financial sector is also very high in China.
Most growth still in US
It is striking that in 2020 the demand for blockchain talent was highest in France, while the demand here has shrunk slightly. In any case, this is a good indication that the industry in France is already relatively mature.
From an absolute perspective, the number of job openings has grown the fastest in the United States, with demand nearly doubling. In relative terms, India saw the fastest growth in jobs, at 122%.
