According to information disclosed by Robert D. Knight, "The cryptocurrency job market is heating up as the industry enters a new bull cycle," on the other hand "Rising prices and activity in cryptocurrencies has resulted in an increase in applications and postings on industry job sites."
Knight cited the insights of Shalupau (founder of the CryptoJobsList job board) who has mentioned that "hiring in the early phase of a bull cycle tends to come from existing companies, which in many cases had hiring freezes when the cryptocurrency market was in a downturn"
In Shalupau's words, "The next round of hiring happens when startups start looking for talent, but this growth tends to come deeper in the cycle," to say "That usually happens six months into a cycle or so when there's more venture capital [VC] activity, when people feel it's right. It's here. Cryptocurrencies are here to stay, again."
He also added Shalupau that "At least in previous cycles, it also came with the discovery of a new business model or understanding. For example, multichain is the new paradigm-so we need more analytical tools, right? Etherscan is no longer enough, so we need something like Nansen, for example."
An interesting tidbit is that, "Binance currently has over 350 job openings, while KuCoin is close behind with 300 open positions. Coinbase has almost 200 open roles currently, increasing from just 70 in December 2023, while Kraken and Gemini are also hiring for around 100 and 50 roles, respectively"
SOURCES CONSULTED
Cointelegraph. Crypto bull run ignites surge in job listings, salary increases. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
