New research reveals which U.S. cities lead cryptocurrency recruitment in 2021

LinkedIn data shows that Metropolis led the U.S. encryption-related recruitment in 2021, but jobs in this field are spread across the country.

a new one Learn A survey conducted by LinkedIn for Bloomberg revealed that the United States does not have a single encryption or blockchain expert center. Search for LinkedIn members in the United States. These members have listed new jobs matching keyword encryption, blockchain, and bitcoin in the first nine months of this year (Bitcoin), Ethereum or Solidity announced that about 53% of encryption work is scattered across the United States in small chunks.

Since cryptocurrency and blockchain are at the intersection of finance and technology, technology stocks in New York and San Francisco, the traditional financial centers, are undoubtedly leading the way. Los Angeles ranked third, followed by Miami and Chicago.

Diogo Monica, co-founder of encryption technology services company Anchorage Digital, emphasized that decentralized organizational structures are driving remote labor, especially in encryption companies. He added: “This means that cities and states with lower taxes, well-developed infrastructure and quick access to international airports will benefit from fully remote work.”

When adjusted for population, the impact of the crypto industry on medium-sized metropolitan areas becomes clearer: for every 100,000 LinkedIn members, at least two are employed in the aforementioned cryptographic work in Austin, Denver, Raleigh, and Salt Lake City. For example, New York leads hiring with 18.3% market share, but it employs an average of 2.8 employees per 100,000 LinkedIn members, while Austin, Texas employs 3 employees on the same scale, even though the city has only 2 % Share.

related: Survey finds low-income workers quit their jobs due to cryptocurrency profits

U.S. cities are also doing their best to attract the crypto industry. Newly-elected New York City Mayor Eric Adams shared his Plans to make the city the center of the cryptocurrency industry. He followed The example of the mayor of Miami Francis Suarez By declaring that he will receive his first three salaries in Bitcoin.