Over 40% of the people in the blockchain industry work at cryptocurrency exchanges, with mining equipment manufacturers coming in second.

According to a recent research report by industry-focused publication "The Block," nearly half of the people in the blockchain industry are involved in jobs related to cryptocurrency trading.

The Block released a study on 10/23, indicating that 42% of the 158 companies analyzed are involved in digital currency trading, with approximately 7,700 individuals working across 30 different exchanges.

Following closely are cryptocurrency mining equipment manufacturers, making up 11% of the blockchain industry workforce. Among the surveyed employees, 10% work in various cryptocurrency management foundations, with Ripple, TRON, Block.one, and IOHK being the largest employers in this field.

Among the 158 companies analyzed in the cryptocurrency and blockchain space, Bitmain, Huobi, Coinbase, and OKEx lead in terms of employee numbers, with 1,500, 1,300, 1,000, and 950 employees respectively. Binance and Ripple have around 650 and 450 employees respectively.

Statistically speaking, the variable selection in this analysis was not ideal as the number of employees at the top exchanges among the 158 companies far exceeded those in other blockchain-related industries. However, this more clearly indicates the significant leadership position that the cryptocurrency industry currently holds in blockchain development.

This study's results illustrate that the practical applications within the industry have not yet matured, and there has not been a killer application that allows the public to fully embrace blockchain technology for real change, rather than just for investment purposes in the current industry. However, before truly entering the mainstream, investment is indeed an essential part.

Cryptocurrency and blockchain companies make it to the top workplaces

According to a report in September, cryptocurrency exchanges Coinbase and Ripple ranked among the top ten in LinkedIn's 50 hottest companies in the U.S. Stock and crypto trading startup Robinhood essentially maintained its position, dropping from sixth in 2018 to seventh in 2019.

In March, Ripple was named one of the best employers in the San Francisco Bay Area tech industry. At that time, according to a report, 91% of employees said Ripple was a great place to work, and 95% of respondents claimed they were proud to tell others they worked there.

Most importantly, in June this year, LinkedIn listed blockchain as one of the top ten most important skills for employees in the Asia-Pacific region. LinkedIn needs no introduction, as many of you must have used this well-known platform when job hunting, and some headhunters even consider it a significant factor.

Blockchain is no longer just a topic of wide discussion; the major industry has now taken notice. As more applications are created and problems are solved in the future, those of you who are learning various theories and new things will surely benefit.

Further Reading

• U.S. startup Layer1 to challenge China's long-standing dominance in mining industry
• IRS releases its first cryptocurrency tax guidance in five years

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