Digital asset exchanges are the crypto industry's biggest employers, research shows

More than 85% of employees in the crypto space work for companies focused on three major service areas: exchanges, development, and mining.

The statistic was included in The Block Genesis's Digital Asset Human Capital Trends Report, which was commissioned by the Blockchain Association. 

There are 48 firms with 100 or more employees across the crypto industry. The largest employer: Asia-based exchange Huobi Global. Huobi is followed by two other exchanges, OKEx and Coinbase, in terms of the number of workers employed.


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Indeed, nearly 46% of employers with more than 100 employees are digital asset exchanges. Development firms account for roughly 29% of employers in that category.

The digital asset space grew into a high growth, professional industry in 2019, boasting some 20,000 employees. Of the largest employers, 67% of them are domiciled outside of the U.S.

For more insights into the state of employment across the industry, check out the Digital Asset Human Capital Trends Report.