Research Claims That More Than 40% Blockchain Employees Work At Crypto Exchanges

Research Claims That More Than 40% Blockchain Employees Work At Crypto Exchanges

Blockchain News
October 24, 2019 Editor's Desk
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The BlocK, an industry-focused publication, conducted research which revealed that almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges. The research results were out on the 23rd of October. According to the report, 42% of people at 158 analyzed firms work for digital currency exchanges, with almost 7,700 people
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The BlocK, an industry-focused publication, conducted research which revealed that almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges.

The research results were out on the 23rd of October. According to the report, 42% of people at 158 analyzed firms work for digital currency exchanges, with almost 7,700 people combined working at 30 different exchanges.

Right after crypto exchanges come crypto mining equipment producers, which is far behind with around 11% of blockchain industry employees, followed by 10% of the surveyed employees who work for numerous cryptocurrency governing foundations, it includes Ripple, TRON, Block.one, and IOHK who are leading the ‘largest employers list’ in that sector.

The most number of people employed are in companies, namely Bitmain, Huobi, Coinbase, and OKEx, with 1,500, 1,300, 1,000, and 950 employees, respectively. Binance and Ripple follow these crypto-blockchain companies with a staff of around 650 and 450 employees, respectively.

Back in September, reports say that cryptocurrency exchange Coinbase and Ripple dropped out of the top-10 of Linkedln’s “The 50 hottest U.S. companies to work for” list.

Stock and crypto trading startup Robinhood successfully retained its position with just a minor shift from the sixth place in 2018 to the seventh this year.

Ripple enjoyed the rank as one of the best employers in the technology industry in the San Francisco Bay Area in March.

Reports suggest that during this time, a whopping 91% of employees gave positive feedback about Ripple and its working environment, with 95 percent of the surveyed employees even saying that they are proud to tell people they work there.

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