Bitcoin's impressive performance, reaching all-time highs and causing a 54% year-to-date rise, has led to a significant increase in job opportunities in the crypto market.
Companies that are firmly committed to digital assets, such as Coinbase, Kraken, Binance, and Gemini, are aggressively expanding their workforces. Even traditional financial giants like Fidelity are looking for new talent, signaling a broader industry resurgence.
Cryptocurrency-related jobs are on the rise
Specialized job sites are seeing a sharp increase in demand, and the number of postings is rapidly increasing. For example, BeInCrypto's Web3's Crypto Jobs reports an increase in job openings from January to March, with more than 8,400 jobs posted. Companies like Chainlink Labs, Ledger, and Animoca Brands are looking to fill a variety of cryptocurrency positions, from marketers to engineers to content writers.
Alex Ramzhev, talent acquisition specialist at BeInCrypto, said optimistically that “the tide is turning,” hinting at strong growth prospects for the industry. This resurgence is closely tied to the health of the crypto market as a whole.
Read more: How to use BeInCrypto Jobs Board: Step-by-step guide
For example, industry giants like Coinbase have seen a 330% increase in trading volume over the past year. Meanwhile, the company's stock COIN hit a 115-week high of $276, prompting Chief Financial Officer Alecia Haas to begin reevaluating her employees.
“We plan to make some investments in headcount in 2024,” Haas said.
Fidelity and BlackRock are also ramping up their cryptocurrency-related recruitment efforts. The former is looking for a Vice President of Investment Risk, and the latter is looking for a Global Markets Attorney. This shows that traditional financial institutions are showing strong interest in entering the growing crypto market.
Read more: Top 13 Highest Paying Jobs in Web3: Comprehensive List
The reinstatement of business development roles, which were previously cut during the recession, reflects the sector's strong recovery and readiness to scale up in anticipation of future demand. Despite previous layoffs in crypto departments amid the market downturn, companies are now cautiously optimistic about plans to increase headcount in line with the market's growth trajectory.
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