The demand for cryptocurrency and blockchain-related jobs increased significantly in the U.S. despite the regulatory uncertainty and price volatility, according to recruiting and employer-review website Glassdoor.
A published study, based on a large sample of online U.S. job postings from Glassdoor, showed 1,775 blockchain-related job openings in August 2018, a 300 percent increase from 446 job listings in August last year.
The demand in these jobs has well outpaced the 200 percent increase in the value of cryptocurrencies since August 2017.
The companies are hiring primarily for technical roles, requiring engineering experience and coding skills.
In these, software engineer was the most common blockchain job open on Glassdoor, accounting for 19 percent of all blockchain job listings. This is followed by more specialized roles like front-end engineer to technology architect.
Business roles are well-represented with analyst relations manager being the second-most common job posting, followed by product manager, risk analyst, and marketing manager.
As per the analysis, the U.S. financial and tech capitals, New York City and San Francisco, respectively, represent a disproportionate share of blockchain-related jobs at 24 percent and 21 percent of total job openings.
Majority of hiring employers are startups looking to expand rapidly. ConsenSys has over 200 related job listings, while Coinbase, Figure and Kraken also offer jobs. Further, IBM is tied with ConsenSys in the number of blockchain-related job openings.
Other large consulting or professional services firms like Accenture and KPMG and technology companies like Oracle are also expanding their blockchain teams. The study noted that there is a notable absence of major technology companies like Facebook, Google, and Apple.
According to Glassdoor's August 2018 Local Pay Report, the median salary for blockchain-related job openings was 61.8 percent over the U.S. median salary.
Among international metros outside U.S., London topped the list with 189 blockchain-related job openings, followed by Singapore, Toronto and Hong Kong.
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