[Taklimakan Blog] Staff Shortage Has Begun on the Cryptocurrency Market

The cryptocurrency market is experiencing an acute shortage of specialists amid the growing interest of retail investors in the industry

The cryptocurrency industry is facing an acute shortage of skilled labor. This conclusion was reached by Bloomberg about the vacancies of large crypto companies. The publication notes that the growing interest in cryptocurrencies from Goldman Sachs, Bank of New York Mellon, and DBS Group is putting pressure on the operating resources of crypto service providers.

For example, the Binance cryptocurrency exchange at the time of this writing has about 370 open vacancies around the world. Crypto-focused company Crypto.com holds over 200 vacancies open.

New York-based Winklevoss Gemini twins cryptocurrency exchange intends to increase its headcount in Singapore from 30 to 50 by the end of the year. Moreover, in most cases, the shortage of personnel is observed exclusively in technical vacancies.