Indeed, a job site, has unveiled insights into the landscape of crypto job opportunities in India. The data aims to showcase the nature of the crypto space and its correlation with India’s role in the global economic arena, particularly during discussions on cryptocurrency regulations.
According to an official release, the data indicates that job postings for crypto-related positions decreased by 64.2%, and searches for such jobs dropped by 15.2% between August, 2022 and 2023. From what it’s understood, Bengaluru constitutes 36.4% of the crypto job market. After Bengaluru, Pune, Mumbai, Gurgaon, Hyderabad, and Kochi make up 7.32%, 6.68%, 6.54%, 6.21%, and 4.66%, respectively.
Reportedly, topping the list are application developers, accounting for 10.86% of the job listings. Following behind is believed to be enterprise architects at 5.97%. Sources suggest that the list continues with full stack developers, developers, and data engineers at 5.38%, 3.78%, and 2.92%, respectively.
“I believe this decline comes after a period of growth in crypto in the past three years. Data from 2022 indicated an 804% increase between April 2020 to April 2022. The dip observed in the past year can be attributed to volatile market conditions and regulatory and safety concerns,” Sashi Kumar, head of sales, Indeed India, said.
