Altcoin News: Over 40% of Blockchain Industry Employees Work for Crypto Exchanges
October 24, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
42,3% of employees in the blockchain sector work on cryptocurrency exchanges, according to a study by The Block portal.
A total of 158 companies were analyzed, including 30 exchanges. Mining with almost 11% of employees turned out to be the second-largest area, and cryptocurrency project management was the third. These included companies such as Ripple, TRON, Block.one, and IOHK.
The largest employers in the cryptocurrency industry are Bitmain, Huobi, Coinbase, and OKEx, with 1,500, 1,300, 1,000, and 950 employees. Binance and Ripple employ 650 and 450 people, respectively, according to The Block.
It is not surprising that the three sectors where most people are employed are historically the only ones profitable. The vast majority of companies in other sectors are still at the promotion stage.
As noted earlier, Coinbase and Ripple this year were not able to enter the top ten leading startups according to LinkedIn.
In March, Good Place to Work recognized Ripple as one of San Francisco’s top employers among technology companies. Then 91% of the employees surveyed rated their work experience in the company positively.
Author:
