Crypto headcount surges over 100% since 2019 despite implosions
While industry giants like Binance hire and lay off thousands of people, other crypto heavy-weights like Tether currently only have 60 employees. Despite several high-profile cryptocurrency implosions , the number of people working in the industry has soared over the past four years. According to findings by the crypto research startup K33, the number of crypto-related employees has surged nearly 160% since 2019. In a report titled “The Emerging Crypto Industry,” K33 estimated that the total headcount of people working in crypto as of 2023 amounted to nearly 190,000 persons. The estimations also suggested that the number of such professionals stood at just around 73,000 people in 2019. According to the data, the crypto industry peaked in terms of total staff numbers in 2021 at more than 211,000 professionals. The growth came alongside Bitcoin’s (BTC) all-time high price of $68,000 that was recorded in November 2021. Cryptocurrency employment by years. Source: K33 Although crypto-focu...