Nearly 190K people work in crypto, more than 50% located in the West

Crypto companies typically hire remotely to reduce costs

The cryptocurrency industry boasts nearly 190,000 employees as of July 2023, new data from K33 Research shows.

This represents a notable increase when compared to employment statistics prior to the crypto frenzy that began in 2020.

Crypto had a higher employment count in 2021, almost 211,000 individuals, which coincided with high prices and company valuations, according to the report.

Around one-third of the crypto workforce is at exchanges or brokerages, emphasizing their crucial role within the industry, according to the researchers.

Another 26% are employed by companies offering a diverse range of financial services related to cryptocurrencies.