A K33 report said that the crypto industry employs 190,000 people. The report said that the majority of these jobs are crypto exchange positions. Described as a trillion dollar market and 420 million owners, it stated that the US has the bigger share of the crypto market. While the US leads the market, the UK leads in crypto employment in Europe, where the report says that the country is responsible for one-third of jobs created in the continent. It noted that crypto employment in South America correlates with the size of the economy of the continent while Nigeria is crypto powerhouse of Africa.
“Everything’s bigger the U.S. – also crypto- The U.K. accounts for one third of crypto employment in Europe- U.S. and Canada dominate in North America,” the report said.
Crypto industry in a positive light
The industry is usually maligned by authorities in some countries like the US. The country’s SEC Chairman recently said that it is dominated by fraudsters, hucksters and ponzi schemes. There is also the concern that Bitcoin uses too high an energy while some regulators believe that the industry has adverse impact on national economies.
The R33 report seeks to present the crypto industry in a good light by highlighting its positive contribution in job creation. The report said that this is the first time this has been done.