Study: Bitcoin exchanges are the largest employers in the industry

More than 85% of employees in the cryptocurrency space work in companies focused on three main areas: exchanges, development and mining. Such data leads The Block.

Analysts commissioned by the Blockchain Association conducted a study of trends in the development of human capital in the field of digital currencies.

According to the report, from the nascent startup cluster in 2016, by now the industry has grown to a space with 20 thousand employees.

Currently, there are 48 firms with 100 or more employees.

The largest employer is the Asian exchange Huobi Global, followed by two more - OKEx and Coinbase. In total, in this category of industry companies, almost 46% are exchanges, and 29% are developers.

A third of the industry’s largest employers are based in the United States. Coinbase is the leader, with Ethereum startup ConsenSys in second place.

Recall that in the fall, the largest employer in the industry was the mining company Bitmain.