The job market in the cryptocurrency sector is expanding due to the surge in cryptocurrency prices and overall activity. Existing companies that survived the previous bear market are currently leading in terms of recruitment, rather than new entrants in the market. It is common for established companies to begin hiring early in a bullish cycle, with new companies following suit later on.
Crypto exchanges are particularly active in hiring, with more than 1,000 job openings available across major players like Binance, KuCoin, Coinbase, Kraken, and Gemini. Binance alone has over 350 open positions, while KuCoin, Coinbase, Kraken, and Gemini have significant job vacancies as well.
Salaries in the industry have also seen an upward trend, with average engineering roles offering $168,000 in 2024 as compared to $137,000 in 2022 and $135,000 in 2023. The United States, Singapore, and the United Kingdom are the top locations for companies hiring in the crypto space.
Zara Muktova, a human resources leader in the industry, observed a threefold increase in site traffic of a crypto news outlet since March when the bull market began. She advised job seekers to have a clear understanding of their career goals. Shalupau emphasized the importance of thorough research before accepting any job offer, reminding everyone that the current bullish trend may not last forever.
