Jamal Al-Farouq According to a recent report published by K33 Research, the crypto industry has reached significant milestones as of July 2023. The study highlights that there are approximately 10,000 companies operating in the crypto landscape, employing around 190,000 professionals. Furthermore, these firms collectively hold a staggering valuation of $180 billion.
Insights into Crypto Employment Trends as of July 2023
K33 Research has unveiled a comprehensive overview of the crypto industry in its latest report, authored by K33 executives Anders Helseth, Torbjørn Bull Jenssen, Bendik Norheim Schei, and Vetle Lunde. The study reveals that the current workforce in the crypto industry consists of an estimated 190,000 individuals employed by 10,000 companies, whose combined value amounts to $180 billion.
The report also notes a decline in the number of crypto employees compared to 2021, which saw approximately 211,000 professionals in the field. As for the geographical distribution, around 30% of crypto workers are based in the United States, while the United Kingdom accounts for one-third of crypto employment in Europe. In North America, the dominant forces are the United States and Canada, while South America’s crypto employment correlates with the size of its economy.
The study highlights that Asia and Australia concentrate approximately 35% of the global crypto workforce. In terms of Africa, Nigeria emerges as the crypto powerhouse, with 4% of the global crypto workforce originating from the continent. South Africa follows Nigeria’s lead in this regard. Additionally, the report reveals that India has surpassed China in crypto employment, with China still being a significant player despite its crypto ban.
When it comes to specific job roles, K33’s report indicates that brokerage services and crypto exchanges employ around one-third of the current crypto workforce. The majority of crypto jobs are in investment and trading, accounting for 48,500 positions. Non-fungible tokens (NFTs) and blockchain gaming sectors contribute around 12,000 jobs, while mining and blockchain intelligence positions amount to approximately 40,000. Furthermore, there are 24,800 employees with undefined roles in the industry.
We would like to hear your thoughts on the growing number of professionals in the crypto industry. Please feel free to share your opinions in the comments section below.
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Frequently Asked Questions (FAQs) about Crypto industry report
How many companies are there in the crypto industry according to the report?
According to the report by K33 Research, the crypto industry consists of approximately 10,000 companies.
How many professionals are employed in the crypto industry?
The report states that around 190,000 professionals are currently employed in the crypto industry.
What is the collective valuation of the crypto industry?
As per the report, the collective valuation of the crypto industry amounts to $180 billion.
How does the current crypto employment compare to 2021?
The report highlights a decrease in the number of crypto employees compared to 2021, where there were approximately 211,000 professionals in the field.
Which countries have a significant presence in the crypto industry?
The report indicates that the United States and the United Kingdom have a significant presence in the crypto industry. Around 30% of crypto workers are based in the United States, and the United Kingdom accounts for one-third of crypto employment in Europe.
What are the major job roles in the crypto industry?
According to the report, brokerage services and crypto exchanges employ one-third of the current crypto workforce. The majority of crypto jobs are in investment and trading roles, while there are also significant job opportunities in non-fungible token (NFT) and blockchain gaming sectors, as well as mining and blockchain intelligence positions.
Which regions have a significant concentration of crypto professionals?
The report highlights that approximately 35% of the global crypto workforce is concentrated in Asia and Australia. Nigeria is identified as the crypto powerhouse of Africa, while South Africa follows closely.
More about Crypto industry report
- K33 Research – The official website of K33 Research, the organization mentioned in the text.
- Crypto Industry Report – A link to the full report on the crypto industry discussed in the text (Note: This is a placeholder URL).
- Cryptocurrency – Wikipedia page providing an overview of cryptocurrency.
- NFT (Non-Fungible Token) Explained – An Investopedia article explaining non-fungible tokens (NFTs).
- Blockchain Technology – Investopedia’s article on blockchain technology and its applications.
