Number of persons working in the crypto sector reached the highest level in 2021, but still remains high despite decline

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The number of specialists in the crypto sector has increased significantly in recent years, as can be seen from current data. In 2019, the number of people working in the crypto sector was around 73,000. This number rose to a maximum of over 211,000 in 2021. It is expected that the total number of people working in the crypto sector will amount to almost 190,000 people by 2023.

The increasing number of specialists in the crypto sector is closely linked to the growth of the Bitcoin price. The Bitcoin Prize reached an all-time high of $ 68,000 in November 2021 and between 2019 and 2021 recorded an increase of over 300 % compared to the average annual price of around $ 7,200 in 2019.

Some large companies in the crypto industry have increased their number of employees significantly in recent years. The Kraken cryptocurrency exchange has increased its global staff by more than 150 % since 2019. Pranesh Anthapur, Chief People Officer from Kraken, emphasized the importance of the right talent for scaling companies. He explained that octopus also rely on a consistent personnel binding in bear markets.

The hardware wallet company Trezor has also increased its number of employees by 120 % since 2019. CEO Matej Zak emphasized the importance of building up and the long -term binding of talents. Trezor attempts to keep talents in bear markets and to promote instead of reacting to short -term market trends.

However, there were also several rounds of discharge in the cryptocurrency industry. Companies such as Coinbase, Binance, Crypto.com, Dapper Labs and Kraken released employees last year. According to Binance, more than 1,000 employees have been released in the past few weeks alone.

It is interesting to note that some large crypto companies apparently never employed more than 100 people. Tether, the issuer of USDT, the world's largest stablecoin and the most traded cryptocurrency, has only about 60 employees. A representative of the company emphasized that Tether has always followed a cautious approach to hiring employees and concentrating on the well -being and the future prospects of the employees.

Overall, the increasing number of specialists in the crypto sector shows the growing interest and the increasing importance of this sector. Companies recognize the need to cease the best talents and to bind them in the long term in order to be successful in this dynamic market.