- Crypto job listings have plummeted globally, with an over 80% decline overall and 95% drop in Bitcoin-related roles according to LinkedIn data analyzed by Coincub.
- The United States remains the top source of crypto jobs but saw an 84% decrease to just 3,418 listings in 2023, down from 21,901 in 2022, as regulatory crackdowns forced companies abroad.
- Germany took the biggest hit with a 92% decline in crypto jobs, while Portugal and Japan emerged as winners with increased postings.
The crypto job market has seen an enormous decline in 2023 as the volatility of crypto markets and regulatory uncertainty has led businesses to drastically cut staff. These are consistent with a wide swathe of crypto-native companies reducing headcounts in recent months.
Massive Drops in Crypto Job Listings
According to data from LinkedIn analyzed by Coincub, crypto-related job listings have plunged by over 80% globally. Job listings related specifically to Bitcoin have fallen by over 95%, while broader crypto jobs have declined by 90%. Blockchain job listings have dropped by a more moderate 50%.
The United States Sees 84% Decrease
The United States remains the biggest source of crypto job listings, but roles dropped by 84% to 3,418 in 2023, down from 21,901 in 2022. The regulatory crackdown in the US has forced crypto companies to find friendlier jurisdictions.
Germany Takes the Biggest Hit
Of all countries, Germany saw the sharpest decline in crypto job postings – a massive 92% year-over-year drop. As the country struggles with the war in Ukraine, sanctions, and rising inflation, its economy is forecasted to grow only 0.6% in 2023. Crypto companies are fleeing the uncertainty.
Big Gains for Portugal and Japan
Portugal saw the largest increase in crypto jobs in Europe, jumping 14 spots to 2nd place globally thanks to its crypto-friendly policies. Japan added the most blockchain roles worldwide, gaining 1,825 listings.
Latin America and Africa See Steep Declines
Brazil and Nigeria both saw declines of over 70% in blockchain jobs, as positions fell sharply across Latin America and Africa. Asia also saw drops, with 61% fewer listings in China and 87% fewer in India.
Conclusion
The crypto bear market and regulatory concerns have decimated the once red-hot crypto job market, with listings declining by over 80% in major countries. While a few regions like Portugal and Japan are growing, steep losses in the US, Germany, China, and India reflect an industry in retreat. The future of crypto hiring depends on market recovery and regulatory clarity.
