Crypto Prices May Be Down, But Blockchain Jobs Are Up

If you hold cryptocurrencies, the last few months may have felt like an emotional rollercoaster—specifically, one with a very steep decline. But, don’t be too downhearted. Not everything is gloomy in the blockchain industry. At least it’s creating plenty of employment for crypto engineers and token economists.

Jobs site Glassdoor had 1,775 unique job postings for positions related to blockchain in August 2018—up by 300 percent from a year earlier, it says in a new report. Job openings have been rising steadily despite fluctuations in bitcoin prices (see chart below).

“Continued growth in job openings suggests that blockchain employers remain confident in the market opportunity and continue to make long-term investments in their teams,” writes Daniel Zhao, author of the report.

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A good portion of those jobs are related to cryptocurrencies, with exchange operator Coinbase clocking in a No. 3 on the list of top hirers. Tied for the top two spots are IBM, which has launched a series of products using blockchain technology, like its Food Trust supply chain, and ConsenSys, which is responsible for projects like Civil and PegaSys.

Other, less surprising findings show that New York, San Francisco and London are hubs for these jobs, and that average salaries are well above median salaries in the U.S., which is true of most tech jobs. Most of the listings are for technical and engineering roles. 

While we work out what the future of blockchain and cryptocurrencies will look like, these findings signal at least that there’s a lot of people betting on their success.