Crypto headcount surges over 100% since 2019 despite implosions

Despite several high-profile cryptocurrency implosions, the number of people working in the industry has soared over the past four years.

According to findings by the crypto research startup K33, the number of crypto-related employees has surged nearly 160% since 2019.

In a report titled “The Emerging Crypto Industry,” K33

While some major firms have been laying off thousands of people, some crypto giants have apparently never employed more than 100 people. Tether, the issuer of the world’s largest stablecoin and the most-traded cryptocurrency, USDT, only has about 60 people working at the company, a spokesperson told Cointelegraph.

“We have always maintained a cautious approach to hiring. We prioritize the well-being and future prospects of our employees, as evidenced by our track record of not downsizing our staff even during previous downturns in the crypto market,” the representative added.

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