RATE Group | Over 40% of Blockchain Industry Employees Work at Crypto Exchanges
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Over 40% of Blockchain Industry Employees Work at Crypto Exchanges

24 Oct Over 40% of Blockchain Industry Employees Work at Crypto Exchanges

Posted at 01:37h in Cryptocurrency News by

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Almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges, new research from industry-focused publication The Block reveals.

The Block published the research results on Oct. 23, stating that 42% of people at 158 analyzed companies work for digital currency exchanges, with around 7,700 people combined working at 30 different exchanges.

Crypto exchanges are followed by crypto mining equipment producers, comprising 11% of blockchain industry employees. 10% of the surveyed employees work for various cryptocurrency governing foundations, with Ripple, TRON, Block.one and IOHK being the largest employers in that sector.

Out of the analyzed 158 companies involved in cryptocurrencies and blockchain, Bitmain, Huobi, Coinbase and OKEx take the lead in terms of the numbers of people employed, with 1,500, 1,300, 1,000 and 950 employees, respectively. Binance and Ripple’s staff consists of around 650 and 450 employees respectively.

Crypto and blockchain…

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