More Than 40% Of Blockchain Employees Work At Crypto Exchanges

Around half of all people working in the blockchain industry are apparently employed by cryptocurrency exchanges, the latest blockchain news show. According to new research carried out by the industry focused publication The Block, more than 40% of the blockchain employees are part of cryptocurrency exchanges.

The research results were published on October 23, noting that even 42% of the people (158 total) in the analyzed companies work for digital currency exchanges. In overview, around 7,700 people combined work at 30 different exchanges.

Meanwhile, the crypto exchanges are followed by crypto mining equipment producers which comprise 11% of the total blockchain industry employees. In fact, 10% of the surveyed employees work for various cryptocurrency governed foundations such as Ripple, TRON, Block.one and IOHK – all of which are the largest employers in the sector.

Out of the analyzed 158 companies involved in cryptocurrencies and blockchain, Bitmain, Huobi, Coinbase and OKEx are taking the lead in terms of numbers of people employed. More than 1,500, 1,300, 1,000 and 950 employees, respectively are employed in the sector by the employees. Binance and Ripple’s staff, on the other hand, consists of around 650 and 450 employees respectively.

As we reported back in September, the cryptocurrency exchange Coinbase and Ripple fell out of the top 10 of “The 50 hottest U.S. companies to work for” list on LinkedIn. The stock and trading startup Robinhood mostly retained its position and moved from the sixth place in 2019 to the seventh in 2019.

Meanwhile, the Ripple Foundation was ranked as one of the best employers in the field. The Ripple news show that more than 90% of the employees said that Ripple is a great place to work at. The San Francisco Bay Area, where Ripple is based, has more than 95% of the employees stating that they are proud to tell others that they worked there.

As a reminder, in June this year LinkedIn named blockchain as one of the top-1o most important employee skills in the Asia-Pacific region, too.

Knowing that more than 40% of blockchain industry employees work at cryptocurrency exchanges, it is safe to say that the skills and employers in this industry are turning their heads to the impressive technology now more than anytime before.