Number of Crypto Jobs Doubled Since January, Says Startup Jobs Site AngelList

Francisco Memoria
  • Since the beginning of the year, the number of crypto jobs available has doubled from 500 to 1,000
  • This, despite the price of most cryptocurrencies dropping since last December, a time when most were at their all-time high.

AngelList, a popular website used by startups to offer vacancies to job seekers, recently revealed that the number of cryptocurrency-related job openings doubled in little over three months, according to its weekly newsletter.

Per the newsletter, titled “Bitcoin is (not) dead”, the number of cryptocurrency-related jobs available in December 2017 was of about 500, while the number has now surged to well over 1,000, and is climbing up to 1,250.

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Notably bitcoin, the flagship cryptocurrency, was trading at little over $19,000 per coin when there were about 500 crypto jobs available, and at $7,000 when the number hit 1,000. As AngelList notes “startups aren’t watching the markets.”

The startup’s newsletter goes on to mention initial coin offerings (ICOs) and the success they’ve had so far. Per AngelList, these were extremely popular last month as the company claims they raised over $3 billion in March alone.

ICOs have become extremely popular in the cryptocurrency industry, as startups started raising capital by selling their tokens, instead of relying on venture capitalists. Nevertheless, venture capitalists are currently putting their money into crypto through cryptocurrency hedge funds like MetaStable Capital and Polychain Capital, AngelList notes.

Per the startup’s newsletter, Polychain Capital itself raised over $210 million from top-tier venture capitalists after being founded by one of the first employees at Coinbase, a company that has itself launched a venture fund to support cryptocurrency startups.

AngelList then mentions its ICO spin-off CoinList, which as covered has recently raised $9.2 million in its series A funding round. CoinList is a platform for token-based financial services and received capital from various firms including the Digital Currency Group, Coinfund, and Electric Capital, among others.

Through a new Legal Office Hours Initiative, CoinList is set to offer users free legal advice on running a complaint token sale. In the newsletter, it further lists companies hiring in the field of “decentralized finance,” “security hardware,” and “decentralized internet.”