LinkedIn, a leading employment and business-focused social media platform, has revealed that there is a sudden increase in the demand for crypto and blockchain-related jobs on its platform.
According to LinkedIn’s Editor, Devin Banerjee, a report based on the data from LinkedIn’s Economic Graph team indicated a 615% growth in job postings that had terms like “crypto” and “blockchain” in the U.S., compared to the ones in August of 2020.
The data further revealed that, while the emergence of crypto and blockchain-focused startups is a contributing factor to the surge in the demand for crypto professionals, people with prior experience in crypto and blockchain are top on the list for employment consideration in financial institutions like J.P. Morgan, among others.
J.P Morgan rolled out crypto job vacancies months back to further its global blockchain development efforts, posting over 30 openings in a week for its operations in the U.S.
Many other firms who do not have crypto at the core of their products and services have also expanded their hiring specifications to accommodate these roles.
For example, In February, Amazon, a major online retailer, sought the services of a software development manager in Mexico to help launch a new payment product.
It was also speculated to be working on developing its own cryptocurrency at some point.
In a similar instance, Apple had sought the services of someone for a business development manager role, with experience in alternative payment providers which included cryptocurrency.
In addition, the adoption of cryptocurrencies as well as the increase in their prices can be linked to the sudden increase in demand for crypto experts.
Because of the ease of payment and mouth-watering return on investments that cryptocurrencies offer, many businesses and organizations are embracing different cryptocurrencies (Doge, ETH, BTC).
LinkedIn predicts a three times increase in the demand for crypto-related jobs than what was demanded in 2015.
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