Crypto Hiring Sees Surge in 2024, DragonFly Says

In 2024, the crypto industry saw a significant surge in hiring, with jobs rising by 80% compared to the previous year. In the fourth quarter, companies added 788 positions, up from 436 in Q4 2023. 

However, according to Zackary Skelly, head of talent at Dragonfly Capital, this growth began to slow down, with a slight dip in November and predictions of changes related to the upcoming elections in the first half of 2025. 

The Crypto Hiring Shows Industry is Rapidly Growing

Skelly also pointed out that the venture capital firm noticed its usual drop in activity during this time. Most candidates focused on networking instead of applying for jobs. However, interest in cryptocurrency is still strong, and more international talent is looking for opportunities in the United States.

Notably, the increase in hiring shows that the industry is rapidly growing and needs more skilled workers in areas like blockchain development, decentralized finance (DeFi), and Web3 technologies. 

In the first half of 2024, job postings in the cryptocurrency sector rose by about 20% compared to last year. This growth highlights the industry’s rising expectations.

Strong U.S. Jobs Report Boosts Bitcoin Q4 Rally Prospects

The September 2024 jobs report, which exceeded expectations, signaled a potential shift in Federal Reserve interest rate cuts but remained positive for Bitcoin (BTC). Zach Pandl, head of research at Graysacle, expressed optimism for Bitcoin’s trajectory, attributing its rise to growing investor appetite for riskier assets.

“Grayscale Research expects Bitcoin to benefit in this risk-positive environment,” Pandl remarked. The stronger-than-expected U.S. jobs data–showing a gain of approximately 254,000 jobs in September, surpassing the 140,000 forecasts by economists–has created a wave of optimism for BTC. 

On October 4, spot Bitcoin prices surged to an intraday high of over $62,300 following the jobs report’s release.

Blockchain.com Taps CFO and COO Amid Expansion

Meanwhile, Blockchain.com, a leading cryptocurrency exchange, appointed Justin Evans as its new Chief Financial Officer (CFO) and Mike Wilcox as its new Chief Operating Officer (COO). 

The firm said that these deliberate appointments are part of its plan to expand employees by 50% as it positions itself for future expansion.

Since entering the cryptocurrency space, Blockchain.com has consistently expressed interest in becoming a publicly traded company. The timing appears more favorable, with Wall Street firms showing increased openness to crypto businesses.