K33 Research Snapshot Suggests Crypto Employment Trends in July 2023

K33 Research, a well-known expert in the cryptocurrency sector, has published a thorough research that provides insightful information on the condition of the sector as of July 2023. The paper offers a high-level overview of the important indicators and employment trends in the cryptocurrency business and was written by K33 executives Anders Helseth, Torbjrn Bull Jenssen, Bendik Norheim Schei, and Vetle Lunde.

The paper claims that there are presently 10,000 companies and 190,000 employees working in the crypto business, which is worth an estimated $180 billion. While these figures indicate a slight decrease compared to 2021 when there were around 211,000 crypto employees, the industry remains robust and continues to evolve.

Global Distribution and Sector Breakdown: Insights into Crypto Employment

Interesting new information on the global distribution of the crypto workforce is revealed by the K33 research. Currently, the United States holds the top spot, employing over 30% of all cryptocurrency employees, followed by the United Kingdom, which accounts for one-third of all crypto jobs in Europe. While South America’s employment of cryptocurrency is associated with the size of its separate economies, North America’s crypto workforce is dominated by the United States and Canada.

Around 35% of the world’s cryptocurrency workers are based in Asia and Australia, and they come from a variety of countries. Notably, Nigeria emerges as the continent of Africa’s crypto powerhouse, accounting for almost 4% of the world’s crypto workforce. In terms of crypto employment, South Africa follows Nigeria’s example. The research also notes that China has lost ground to India in terms of employment in the Asian crypto market, despite China’s prohibition on cryptocurrencies.

According to the K33 report’s sector split, brokerage services or cryptocurrency exchanges employ about one-third of the present workforce in the crypto industry. With 48,500 opportunities in financial services, the bulk of cryptocurrency jobs are centered in investing and trading sectors. An estimated 12,000 employment are in the non-fungible token (NFT) and blockchain gaming industries, while 40,000 people work in mining and blockchain intelligence. A further 24,800 workers have jobs that are not yet defined, demonstrating the variety of job options in the cryptocurrency business.

These employment statistics provide useful information on the distribution of talent throughout the world and the industries driving innovation and growth as the crypto industry continues to develop and adjust to shifting market circumstances.