Over the past year, employment in the cryptocurrency sector has decreased by 10% – from 210,000 to 190,000 employees. This is evidenced by the report K33 Research.
According to the document, the industry has about 10,000 companies, with a total value of approximately $180 billion. Approximately 60% of all employees work in trading and investment firms.
Nearly 30% of digital asset workers live in the US. Asia and Australia together account for 35% of the workforce, and India for 20%.
24% of crypto workers are concentrated in Europe. The UK leads the region in the number of jobs created, with 13,000.
“The general trend is that many firms have gotten rid of many people, with the exception of [криптобиржи] Binance,” said K33 CEO Anders Helseth.
At the end of last year, companies cut a lot of employees, he said, and now the industry is “keep afloat thanks to significant amounts of funding.”
Over the past year, layoffs have been announced by Robinhood, Dapper Labs, Polygon, Magic Eden, Protocol Labs, Bittrex, Luno, Blockchain.com, Huobi, Bybit, STEPN, TrueLayer, and others.
Recall that in July, several top managers left Binance – Chief Strategy Officer Patrick Hillmann, Senior Vice President of Compliance Stephen Christie and General Counsel Khan Ng. The head of the platform, Changpeng Zhao, described the situation as “normal staff turnover.”
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