Inside Blockchain's Coronavirus Hiring Spree

Since January 1, 2020, the share of job postings for cryptocurrency jobs has increased by 4.77% on jobs site Indeed. During March 2020, the share of job postings for roles associated with cryptocurrency increased by 8.73%.

The jobs site scraped those positions including the keywords "cryptocurrency," "bitcoin," "ethereum," "blockchain" or "litecoin" within the body or title. Positions include:

  • Software engineer
  • Software architect
  • Senior computer user
  • Full-stack developer
  • Front end developer
  • Developer
  • Instructor
  • Transformation manager
  • Product manager
  • Development
  • Operations engineer

According to Indeed’s data, companies hiring for jobs associated with blockchain include:

  • IBM
  • Cisco
  • Deloitte
  • Coinbase
  • JPMorgan Chase
  • Facebook
  • Accenture
  • Ripple
  • EY

When it involves remote-only roles, the numbers are more dramatic. Since the start of January 2020, the share of all job postings that are for remote roles associated with cryptocurrency increased by a whopping 40.3%. In March 2020 alone, the share of all job postings that are for remote roles associated with cryptocurrency increased by 42.86 %. The remote job positions include:

  • Broker
  • Infrastructure engineer
  • Senior computer user
  • Developer
  • Full-stack developer
  • Software engineer
  • Business development manager
  • Front end engineer

As covered in March by, Kraken, the San Francisco-based cryptocurrency exchange, is additionally hiring. the corporate originally planned to rent 250 people in 2020, largely thanks to the upcoming bitcoin halving. As coronavirus led to people trying to find alternative assets, Kraken bumped that number to 350 and moved up their hiring timeline. inline with data provided by the exchange, signups grew 39.5% on March month-over-month compared with February, while average daily signups for March were up 61% compared with January.

“The traditional system seems to be completely breaking down everywhere the globe,” said Jesse Powell, co-founder, and CEO of Kraken. “So, increased customer demand goes to mean increased business for us, and it's visiting mean increased hiring.”

In recent weeks, the corporate turned to hire people within the households of its employees, including roommates and shut relations, for support related roles. “We did super streamlined on-boarding,” said Powell.

Part of Kraken’s motivation was to require care of its own employees. The part was to fulfill immediate demand. “We felt like members of the household were more likely to be ready to vouch for every other,” said Powell. “In a far off working environment, having somebody there with you to assist onboard you are basically useful; someone sitting next to you to assist to answer questions for you.”

It’s not in Kraken’s interest to own its employees completely distracted with the coronavirus crisis, says Powell. “Whether that be a spouse or a roommate losing their job, and now they’ve needed to determine how they're visiting take out or how they're visiting pay their rent,” he said. “We were ready to alleviate that pressure, which we predict makes people more productive.”

They won’t need to cope with such distractions. “Just culturally and business-wise, it made sense on such a large amount of levels to undertake to focus on the people within the households of our employees who are affected.”

Originally, Kraken was expecting to try and do most of the hiring within the months after the Bitcoin halving, a pre-programmed event on the bitcoin blockchain during which the number of bitcoin’s rewarded to miners for solving computing puzzles are going to be cut in half. it's scheduled for May. “We weren’t expecting coronavirus to visit all of this uncertainty,” Powell said. “It was the rationale to rent before we normally do.”

Kraken isn’t the sole exchange hiring. San Francisco-based Coinbase announced in an exceedingly blog post the opening of 100 positions across it's us offices, Europe, and Asia.“As a cryptocurrency company, we’re in an exceedingly unique position,” the corporate wrote in an exceedingly blog post. “Coinbase has never known a time where we’ve operated without volatility. we've got managed through 40x growth in an exceedingly year, and negative 10x growth.”

Armstrong adds: “In a world where unprecedented stimulus packages are being rolled by governments around the world, and a serious expansion of the cash supply is probably going, I think there has never been a stronger time for people around the world to find out about sound money and a more global, fair, national economy powered by cryptocurrency. “

If you’re looking to require employment within the blockchain industry, Powell points those interested towards the various Bitcoin job boards out there, like BitGigs, the ‘Jobs4Bitoin’ subreddit, Crypto Jobs List, and others. Powell offers further advice, too. “If you do not have any experience within the industry, that's one thing to urge yourself up to hurry on,” he said. “Start reading the maximum amount as you'll be able to. we frequently will ask people questions within the interview process, just general crypto questions, to work out if they need a basic understanding or are literally curious about the industry.”

Kraken prefers to rent people that have an interest in crypto, not just someone trying to find any random job. “If you're applying for employment, but it is a specific business, use their service, try it out, have an opinion about it,” he said. “It never hurts to return into an interview with a feature request or constructive critique.”

By coming in with some understanding of the business, you'll be able to demonstrate to your prospective employer that you simply didn’t just blast out 1,000 applications indiscriminately. “I take a look at applying for jobs lots like online dating,” said Powell. “If you're thinking that about how you're visiting get the person to retort to your message in an inbox with 1,000 other messages, you've to travel a bit further. allow them to know that you simply really took your time to know them and why this could be a decent fit.”

Many people indiscriminately apply for jobs hoping to urge something, as if it is a lottery, he said.“But, attempt to be more targeted to urge that focus from the recruiter, the screener, or whoever's reviewing the stack of 1,000 applications for one role.”