London is becoming a hotspot for crypto jobs

London has been confirmed as the world leader in cryptocurrency after a jobs platform revealed the number of global employers currently looking for crypto staff.

The US, as expected, takes the top spot for the number of vacancies in crypto – currently at 3,893 – but the UK is rapidly catching up with the second highest number of advertised roles.

There are currently 954 crypto jobs waiting to be filled in the UK. And, while that may be nearly three thousand less than in the United States, it is far ahead of the 386 positions currently vacant in Canada in third place.

Most of the UK’s 954 digital asset jobs are based in London – with the borough of Greenford in Ealing proving to be a crypto jobs mogul – but other areas outside the capital offer jobs. work opportunities in cryptocurrencies.

Jobs website Glassdoor found that Leeds, Bristol, Cambridge, Glasgow, Belfast, Birmingham, Liverpool and Manchester were also thriving blockchain hubs. In the United States, the largest number of crypto jobs was centered in New York, San Francisco, and Los Angeles, with Chicago and Boston also seeing high numbers of such jobs.

Australia has also moved up the ranks – fourth behind Canada – with a current total of 236 vacancies. Sydney, Melbourne and Brisbane dominate the skill centers, with places like Perth, Adelaide and Canberra showing growing potential.

The top five job functions where crypto skills are most in demand in the UK have been found to be engineering project management, information technology, marketing, finance and accounting.

London’s rise as a cryptocurrency hub has been on the cards for years, according to one of the industry’s top employers.

Jeff Hancock, co-founder and CEO of Coinpass, an exchange registered with the Financial Conduct Authority (FCA) with 44 employees, said: “London has always been a global capital of technology and finance for commerce, exchanges, finance, fundraising and now crypto and digital assets.

Last year, at this time, there were only 18 employees.

“Crypto is penetrating all sectors in all markets in a positive way and large companies will only become more hungry for talent to continue to create innovative blockchain and crypto products,” Hancock said.

He added: “At Coinpass, we have global reach and access to a huge pool of international talent, but top quality candidates are pouring in from traditional banks, hedge funds, family offices and also universities applying for positions. in crypto companies before any other.

Crypto has entered the top 10 global hedge fund strategies, with almost 3% of hedge funds now adopting crypto in their investments.

That’s according to data from quantitative technology provider SigTech, which revealed that of the 27,255 active hedge funds globally, 774 use a crypto investment strategy.

Among the new hedge funds, crypto is among the top five strategies. And 310 of the 774 companies using crypto – around 40% – were created in the past two years. While equity investing remains the primary strategy for existing and new hedge funds, crypto is gaining traction, despite the asset class being only a few years old.

Hedge fund advisory firm Sussex Partners co-founder Patrick Ghali said: “We see potential opportunity as crypto markets are inefficient, volatile and sentiment-driven, which typically leads to price swings. alpha opportunities.”

The figures also suggest that there is a disproportionate number of hedge funds in the US using crypto – around 67% of hedge funds are based in the US, while 80% of hedge funds wading into crypto are in the States. -United.

Investing in crypto is gaining interest in the wider financial sector, prompting exchanges to develop and launch crypto trading products for institutional investors as well.

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