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Crypto and Blockchain Jobs Have Increased By 26% Since 2018: Research
Wile the number of ads being posted in the space has grown, job seeker interest has plummeted, according to Indeed data.
Updated Dec 10, 2022, 8:06 p.m. Published Nov 8, 2019, 3:10 p.m.
Those seeking employment in the blockchain and cryptocurrency industry have reason to be positive, says employment search company Indeed.
The number of bitcoin, blockchain and crypto-related employment ads in shares per million on the popular job listing site rose by 26 percent from 2018–2019, following a four-year trend of 1,457 percent growth in the sector, according to a "Seen by Indeed" study released Thursday.
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On the other hand, sector-specific job searches dropped 53 percent over the same period, following a longer downward trend, the firm found. Enthusiasm among job hunters peaked during the height of the crypto bull market in late 2017, which saw bitcoin’s price reach an all-time high of around $20,000, but has gradually tailed off ever since.
[caption id="" align="aligncenter" width="532"] Job searches and listings share per millionhttps://www.beseen.com/blog/talent/bitcoin-job-market-2019-beyond/ via Seen by Indeed[/caption]
Zooming into the detail, this year's top five sector jobs being posted by employers all revolve around computer work, with software engineering, software architect, full-stack developer and front-end developer being the most common positions.
The top 5 employers listing blockchain jobs are Deloitte, IBM, Accenture, Cisco and Collins Aerospace, coming in 1st through 5th, respectively. "Big Four" firm Ernst & Young joins Deloitte in the top 10.
Cryptocurrency and blockchain industry firms Coinbase (7th place), Overstock.com (8th) – which has as subsidiaries blockchain accelerator Medici Ventures and security token platform tZERO – Ripple (9th), Circle (11th), Kraken (12th) and ConsenSys (13th) all make the list. Banks JPMorgan Chase, which is developing its own stablecoin, and crypto-company-friendly Signature Bank tail in at 14th and 15th.
Intriguingly, telecoms giant Verizon comes in in 10th place according to Indeed, the sole mobile company to make the rankings. While the firm has made blockchain investments and applied for a patent related to the tech. it's not made any major announcements in the space.
Indeed says it expects the number of jobs on offer to continue trending up through 2020, "even in the face of extreme price volatility and regulatory uncertainty of cryptocurrency."
Job hopefuls image via Shutterstock
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