TL;DR Breakdown
- LinkedIn reveals that vacancies for crypto job has surged by over 600 percent.
- US banks among highest employer of crypto professionals.
- Rise in crypto adoption behind crypto job demand surge.
Top business and employment-oriented online service social media platform LinkedIn has reported a surge of over 600 percent in demand for crypto and blockchain jobs on the platform.
LinkedIn editor Devin Banerjee, in a report on Wednesday noted that data from the platform’s Economic Graph team shows job postings in the United States that included terms like “blockchain” or “crypto” grew 615% compared to those in August 2020.
The data also revealed that although many young startups are focused on crypto and blockchain, contributing to the surge in demand for crypto professionals, established financial institutions like J.P. Morgan, among others, employed the most staff who had prior experience in crypto and blockchain.
Crypto job demand, according to LinkedIn, should rise by more than three times what was demanded in 2015. Months back, J.P Morgan rolled out crypto job vacancies in July, focusing on its global blockchain development efforts.
The company posted more than 30 openings for its operations in the U.S. in a single week.
Roman Regelman of the Bank of New York Mellon said, “The opportunities in digital assets are plentiful.” “We can now attract talent in a very different way.”
Firms rolling out crypto job vacancies
Notably, many firms that are not primarily into crypto and blockchain technology have also been hiring for these roles. In February, major online retailer Amazon said it was seeking a software development manager in Mexico to help launch “a new payment product. At one point, Amazon was said to be working on developing its own cryptocurrency.
Similarly, Apple said it preferred someone with experience in “alternative payment providers,” including cryptocurrency, for a business development manager position. It is safe to attribute the surge in demand for crypto experts to the rise in adoption of cryptocurrencies experienced this year and the surge in price on crypto coins.
Series of supermarkets, firms, organizations and outlets one way or the other are embracing different cryptocurrencies (Doge, ETH, BTC) among others for varying reasons, including payment and investments.
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