The price of Bitcoin increases the growth of spurs in Crypto Jobs
Bitcoin's stellar performance, hitting an all-time high and fueling a 54% rally year-to-date, has fueled a surge in the crypto market.
Companies that have settled into digital assets like Coinbase, Kraken, Binance and Gemini are expanding their workforce significantly. Even traditional financial powerhouses like Fidelity are anticipating new capabilities that will herald a broader industry revival.
Crypto jobs are on the rise
Special job boards are increasing dramatically in demand, postings are skyrocketing. For example, BeinCrypto crypto jobs in Web3 reported an increase in job listings between January and March, boasting more than 8,400 postings. Companies like Chainlink Labs, Ledger and Animoca Brands are looking to fill a variety of crypto positions, from marketing to engineers and content writers.
Alex Ramzhev, a talent acquisition specialist at BeInCrypto, optimistically says, “The tide is turning,” indicating strong growth prospects for the industry. This revival is closely tied to the overall health of the crypto market.
Read more: How to use BeCrypto Jobs Board: A step-by-step guide
Industry titans like Coinbase, for example, are seeing a 330% increase in transaction volume over the past year. Meanwhile, the company's shares, COIN, hit a 115-week high of $276, prompting CFO Alessia Haas to reassess her workforce.
“We are planning some modest investment in headcount in 2024,” Haas said.
Fidelity and BlackRock are also ramping up their crypto-related hiring efforts. The former is looking for a Vice President of Investment Risk and the latter is looking for a Global Markets Attorney. This shows a strong interest from traditional financial institutions to take advantage of the growing crypto market.
Read More: Top 13 High Paying Web3 Jobs: Comprehensive List
The revival of business development roles, which had previously slowed during the recession, reflects the sector's strong recovery and readiness to maintain future demand. Although there have been crypto layoffs in previous market downturns, companies are now cautiously but optimistically planning to increase their headcount to match the growth direction of the market.
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