According to LinkedIn, in 2021, major cities became the leaders in hiring cryptocurrency-related employees, but jobs in this field are scattered across the country.
A new study from LinkedIn to Bloomberg shows that there is no single center for cryptocurrency or blockchain professionals in the United States. Research among LinkedIn members in the US who listed a new job in the first nine months of the year that matched the keywords crypto, blockchain, bitcoin, Ethereum or Solidity, revealed that about 53% of cryptocurrency jobs are spread across the country in a small way. to cut.
With cryptocurrency and blockchain at the intersection of finance and technology, the traditional financial hub of New York City and the tech hub of San Francisco led the pack, not surprisingly. Los Angeles came in third, followed by Miami and Chicago.
Diogo Monica, co-founder of crypto services firm Anchorage Digital, emphasized that decentralized organizational structures drive an offshore workforce, especially among crypto firms. “This means that cities and countries with lower taxes, excellent infrastructure and faster access to the international airport will benefit from full telecommunications mobility,” he added.
Adjusted for population size, the impact of the crypto industry on mid-sized metropolitan areas becomes clearer: for every 100,000 LinkedIn members, at least two people are recruited for specific crypto jobs in Austin, Denver, Raleigh and Salt Lake City. For example, New York leads hiring with an 18.3% market share, but employs an average of 2.8 people per 100,000 LinkedIn members, while in Austin, Texas, three people are hired on the same scale. Although there is 2% in the city.
On the topic: Research shows that low-paid workers quit their jobs due to cryptocurrency profits.
American cities are also struggling to attract the cryptocurrency industry. New York City Mayor-elect Eric Adams has shared his plans to make the city a hub for the cryptocurrency industry. He also followed the example of Miami Mayor Francis Suarez, announcing that he would receive his first three salaries in Bitcoin (BTC).