30 % of all crypto workers in the United States, according to a new study by K33 Research
30 % of all crypto workers in the United States, according to a new study by K33 Research
The crypto industry continues to boom and the labor market in this area is growing continuously. According to a recently published report by K33 Research, a department of the crypto broker company K33, 30% of all crypto workers in the USA are located.
The report provides a comprehensive overview of the industry. Accordingly, there are around 10,000 crypto companies worldwide that employ 190,000 employees. The total value of the industry is $ 190 billion.
It is not surprising that stock exchanges and broker companies make up the majority of the employees in the crypto industry. Around 60% or 62,400 people work in this area. Financial services are in second place with 48,500 jobs. Blockchain analysis and mining companies come to third place with almost 40,000 employees, followed by NFTs and gaming with 12,000 jobs. The remaining places are assigned to the "Others" category, which ends up in fourth place with 24,800 jobs.It is particularly striking that there are many small crypto companies that employ between 5 and 15 employees. This was also confirmed by Anders Helseth, Vice President of K33 Research, in an interview with "decoding". Helseth emphasized the importance of these smaller companies in the industry.
As far as the geographical distribution is concerned, the regions of Asia and Australia account for around 35% of the global crypto workers. Surprisingly, India leads the market with a share of 20%, followed by China. According to Helseth, this is probably due to the lower salary requirements and the high competence of the country.
Despite regulatory challenges, the United States is the country with the highest number of crypto workers, namely 30%. Helseth believes that the United States will remain an important focus of the crypto industry in the future due to its technical knowledge and access.
Another interesting point of the report is the role of certain countries as crypto -friendly jurisdictions. Hong Kong, Singapore, the United Arab Emirates and Switzerland benefit from clear rules and regulations and have all double -digit employees in their respective regions. However, it should be noted that companies are more located in these countries than their employees.
In Africa, about 4% of employees work in the crypto industry, with Nigeria and South Africa being the most important centers. Helseth is optimistic about Africa and emphasizes the high economic growth and the young population of the continent.
Europe has also taken important steps to become an important player in the crypto industry. The continent is responsible for 24% of global crypto workstations. Interestingly, the United Kingdom is the largest labor market in Europe with 13,000 jobs, although it is no longer a member of the EU.
Finally, Latin America also plays a role in the crypto industry with a market share of 4% and 8,400 jobs, with Brazil at the top. Here the crypto industry correlates with the size of the economy.
The future of the crypto industry depends on demand, according to Helseth. The industry will develop where demand is greatest. So it remains exciting to see how the market will develop.