Crypto Hires on the Rise in US, More Women Hired but the Gender Gap ‘Is Getting Worse’

 

The cryptoasset industry is intensifying its recruitment of new employees, with crypto hires rising by a robust 73% between 2019 and 2021 in the US. The number of female professionals hired by the industry is also on the rise, but their share of the total is decreasing, according to a recent report by employment-oriented social media platform LinkedIn. 

In 2021, while US net crypto hires expanded, the net number of hires in traditional finance industries dropped by 1% compared with 2019, according to the analysis. Last year alone, more than 5,000 LinkedIn members started a crypto job. 

However, “crypto’s rapid hiring growth has not been spread evenly, and while women have always been a minority in the industry, the gap is getting worse. From 2018 to 2021, 70% of new crypto hires were men and 30% were women,” according to LinkedIn’s data.

Last year, women’s share dipped to 26.5%, the report said, explaining that this is “a marked difference from finance industries like banking and investment management, where women have held steady at roughly 43% of net new hires over the same time period.”

Between 2018 and 2021, women’s share of crypto industry hires dropped by 5 percentage points in spite of the rising number of women hires in the sector.

On a more positive note, the number of women securing jobs in the crypto industry rose by 35% between 2019 and 2021, as indicated by figures from the platform.

Crypto-focused recruiter Kevin Logan said that, over the past three to four months, every founder he has worked with has identified finding diverse candidates a priority at the start of their company’s talent search.

“Crypto is a chance to do things differently — that’s the whole point, right?” Logan was quoted in the report. “From the start, we should be building processes that take out bias and remove blockers to diversity.”

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