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Need a Job? How about Crypto?

 

  • According to a new ranking based on LinkedIn data, in the U.S., a majority of 53% of all crypto jobs are dispersed across cities across the country.
  • The global pandemic has seen cryptocurrency prices rally sharply and digital asset businesses blossom, while also demonstrating the viability of white-collar work being done from virtually anywhere in the world.

Although unemployment in the U.S. remains stubbornly high, one sector which has been on a hiring frenzy has been in digital assets.

Crypto jobs from Singapore to San Francisco are abundant and filled as quickly as qualified applicants are available.

And just like the decentralization of the blockchain, crypto jobs are literally everywhere.

According to a new ranking based on LinkedIn data, in the U.S., a majority of 53% of all crypto jobs are dispersed across cities across the country.

Unlike finance or technology, which are centered in hubs like New York and San Francisco, the ethos of decentralization has seen crypto entrepreneurs reject traditional boundaries or geographies.

Even the world’s largest cryptocurrency exchange Binance’s founder Changpeng Zhao or CZ as he’s known doesn’t hold himself to any specific location, despite settling into Singapore as home.

Despite being the world’s largest cryptocurrency exchange by traded volume, Binance has eschewed a corporate headquarters and has employees from across the globe.

That may be set to change however, as regulators circle around Binance and demand a more certain corporate structure by which the exchange should operate.

The global pandemic has seen cryptocurrency prices rally sharply and digital asset businesses blossom, while also demonstrating the viability of white-collar work being done from virtually anywhere in the world.

Crypto companies have long embodied the decentralization ethos, and it’s not uncommon for whole teams to have individual members dotted across the globe.

Improved communication tools such as Slack and Discord as well as software collaboration tools have all made it easier for a workforce to be remote and that’s helped many startups, particularly crypto companies, scale in a cost-effective way.

The shift in work practice, particularly for the crypto economy, means that sates with lower taxes, great infrastructure and good interconnectivity with other hubs stand to benefit from fully remote work.

Cities like Singapore are cottoning on to the trend, with the Director of the Monetary Authority of Singapore Ravi Menon revealing last week in an interview with Bloomberg that the financial hub intends to position itself as a cryptocurrency capital.

Meanwhile, the crackdown on cryptocurrency mining in China has seen such activities relocated across to other parts of the world, with a huge chunk headed to U.S. states like Virginia and Texas.

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