A new study reveals the top US cities where companies have hired the most crypto professionals this year.
LinkedIn, who conducted the research for Bloomberg, considers a crypto hire as any member of the online professional networking site who took a new job with titles containing keywords like “crypto,” “blockchain,” “Bitcoin,” “Ethereum” and “Solidity” in the first nine months of 2021.
“The data is meant to serve as a rough proxy for the broader crypto job market, but by design, it will only capture crypto specialists, and not, for instance, a human resources worker for a crypto company.”
Adjusting for population, data from the study revealed San Francisco Bay employed the largest number of crypto workers this year. Based on the analysis, firms in the city hired four crypto professionals per 100,000 members of LinkedIn living in the metropolitan area.
Next on the list is Austin with three crypto hires per 100,000 LinkedIn members. Meanwhile, New York City, Miami-Fort Lauderdale, Denver, Raleigh-Durham-Chapel Hill, Salt Lake City and Portland have made at least two crypto hires for every 100,000 LinkedIn members.
Looking at cities with the largest shares of crypto specialist jobs, New York City is at the top with a market share of 18.3%, followed by San Francisco at 12.2%.
The Bloomberg study also notes that more than half of crypto jobs in the US are scattered across the country.
“…the remaining 53% of crypto jobs in the study were dispersed elsewhere in relatively small chunks, the data show.”
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
