🔍 Insights into the Crypto Workforce: July 2023 📈
Exciting revelations have surfaced regarding the ever-evolving landscape of the cryptocurrency industry! Here’s a glimpse into the latest findings from K33 Research:
👥 Cryptocurrency Employment Snapshot:
- Nearly 190,000 individuals are employed in the crypto sector as of July 2023.
- Surprisingly, more than 50% of these professionals are located in the Western hemisphere.
🌏 Global Distribution of Crypto Talent:
- Approximately 55% of crypto workers reside in North America and Europe, with the US leading the charge at 29%.
- India emerges as a prominent player in Asia, boasting 20% of the regional crypto workforce, with a focus on developer-related roles.
📈 China’s Unexpected Role:
- Despite China’s historical stance on crypto, it stands as the second-largest employer in Asia, representing 15% of the regional workforce.
💼 Roles within the Crypto Industry:
- 1/3 of crypto professionals are employed at exchanges or brokerages, showcasing their pivotal role in the ecosystem.
- Another 26% are engaged in diverse financial services related to cryptocurrencies.
- Notably, only 6% are involved in NFTs, while 21% contribute to blockchain protocols, analytics, and mining operations.
🏢 Remote Work Trends:
- Crypto companies often adopt remote work structures to reduce costs and access global talent.
- Many major players establish headquarters in jurisdictions with favorable regulations and lower tax rates, facilitating a globally distributed workforce.
🔍 Data Collection Methods:
- Analysts utilized various methods including LinkedIn searches, AI-assisted web searches, and manual mappings to gather insights into the crypto workforce.
Stay tuned for more updates and insights from WorkQuest as we continue to navigate the dynamic world of cryptocurrency employment! 💼✨ #WorkQuest $WQT #CryptoEmployment #GlobalWorkforce #IndustryInsights
