- January 16, 2021
- Posted by: Bastion team
- Category: Markets
Much like the currencies themselves, jobs in the crypto world are growing.
An analysis by job search engine Monster found that job postings with the terms “cryptocurrency,” “blockchain,” or “bitcoin” grew almost 200% from 2017 to 2018. In 2020, LinkedIn named blockchain as the most desired skill among companies when searching for new applicants.
Cryptocurrency has been around since 2009, when bitcoin was introduced. Since then, the crypto world has exploded. Now, thousands of cryptocurrencies are available, and products supporting these cryptocurrencies – wallets, trading platforms, and so on – are readily accessible to anyone interested in the decentralized investment.
Using data from the US Office of Foreign Labor Certification, Insider examined salaries to understand how much employees can make in the crypto universe. Our analysis included nearly 300 visa applications for both crypto-focused jobs at big companies like Facebook and Forbes to crypto-focused companies like Coinbase and Galaxy.
It’s worth noting that the H-1(B) data only provides salary information, and does not include other types of compensation and benefits that employees may receive in their roles, like bonuses, performance awards, or benefits.
Let’s dig into the types of jobs in the cryptocurrency industry, how much they pay, and who is currently hiring.
Andriy Onufriyenko/Getty Images
Blockchain is essentially an open-source database with encrypted accounts of bitcoin transactions — the transactions are stored in clustered “blocks.” Together, these blocks form a chain of data called the “blockchain.”
While the highest demand for blockchain jobs is for software engineers, there are a variety of positions that blockchain experts can look into.
Insider analyzed nearly 100 H-1(B) visas for Blockchain positions at firms in software application development, IT consulting, digital solutions, and more. Many of the visa applications examined for blockchain positions were located in New York and California.
Blockchain Analyst: $66,000 – $103,064
Blockchain Application Architect: $153,000 – $165,000
Blockchain Consultant: $70,283 – $100,700
Blockchain Developer: $77,200 – $120,000
Blockchain Engineer: $80,000 – $160,000
Blockchain Integration Engineer: $108,000 – $150,000
Blockchain Programmer: $85,000 – $100,000
Blockchain Software Engineer: $93,642 – $194,400
Current blockchain job openings
A simple LinkedIn search for the term “blockchain” resulted in more than 3,500 results in the US, including for jobs at big companies like Forbes and Facebook (which has its own cryptocurrency called Libra).
Below, we’ve listed a few positions that are open as of January 15, 2021.
Product Owner – Forbes Digital Assets (Digital Assets, Cryptocurrency, and Blockchain)
JPMorgan Chase positions:
See all current openings on LinkedIn here.
General crypto jobs
Nur Photo/Getty Images
As cryptocurrencies become more mainstream, companies are investing in crypto-specific jobs outside of blockchain. Visa applications included jobs for crypto researchers, engineers, architects, and more.
Salaries ranged from around $70,000 to over $300,000 and included jobs in Georgia, New York, Washington, and California.
Cryptocurrency Researcher/Analyst: $121,410
Cryptocurrency Statistical Research Analyst: $70,720
Financial Analyst: Deal Partner Distributed Systems & Crypto: $312,000 – $312,050
Sr. Software Engineer Applets, Crypto & Devices: $131,726 – $160,000
Senior Backend Engineer, Crypto: $155,000 – $160,000
Crypto Engineer: $105,955
Crypto Mining Engineer: $125,000
Crypto Security Solutions Architect: $78,000
Positions currently available in broader crypto jobs include researchers, investigators, and strategy managers.
Though a majority of jobs currently posted in the cryptocurrency industry are for blockchain, there are jobs that focus on different aspects of cryptocurrency as well.
Below, we’ve listed jobs from the financial transaction firm PayPal and consulting firm KPMG.
The above represents only a few of the jobs listed. Other jobs available were at smaller firms investing in crypto talent.
Find a full list of job openings related to cryptocurrency here.
There are many jobs open at jobs that focus only on cryptocurrency, such as Coinbase, Galaxy, and more.
You typically have two options when looking to work with crypto: You can get a technical job working with cryptocurrency and blockchain, or you can get a more general role at a cryptocurrency company.
Professionals in fields like human resources, project management, or management can work at companies such as Coinbase, Galaxy Digital, or Genesis, which all have business models built around cryptocurrency storage, investment, consulting, or purchase.
The company with the highest number of H-1(B) visas was Coinbase, which hired mainly engineers, but also data scientists, recruiters, and operations employees using the foreign worker visas. Here are a few of the positions Coinbase hired, and how much it paid:
Backend Engineer: $160,000
Business Analytics Associate: $148,500
Business Development Associate: $140,000
Data Scientist: $160,000
Operations Recruiting Manager: $125,100 – $135,000
Senior Engineering Manager: $260,000
Senior Recruiter: $155,015
Galaxy and Genesis, both digital asset financial management firms, hired fewer employees through visas in 2019 and 2020. The positions are listed below: Galaxy salaries: Financial Analyst: $120,000 Investment Analyst: $106,500 Managing Director: $400,000 Genesis salaries: Financial Analyst: $74,797
Current job openings at crypto firms
Though our analysis of H-1(B) only included a few crypto companies, many firms in the crypto space are currently hiring.
The open positions offer work in a variety of professional roles. We’ve listed those below.
Bastion Balance Seoul, Korea.