Regulation
Cryptocurrency Hiring Thrives in Q1 2024, But April Plunge Highlights Volatility, Regulatory Concerns, Says GlobalData
Cryptocurrency-related hiring activity remained strong in the first quarter (Q1) of 2024 and experienced quarter-over-quarter (quarterly) growth as companies such as Coinbase and Binance posted significant numbers of jobs. However, April saw a slowdown, indicating challenges amid market volatility and regulatory uncertainties, reveals the Job Analytics Database from GlobalData, publisher of EPI.
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, said: “The hiring activity may have been driven by the bearish sentiment prevalent during the first quarter of 2024. Most companies were seen betting big on the Web3 job market anticipating increased adoption of blockchain technology in decentralized finance (DeFi) and non-fungible tokens (NFTs).
“However, the cryptocurrency market has remained vulnerable to significant volatility and hiring trends can be influenced by various factors such as market conditions, regulatory changes and technological advances. For example, President Biden’s stance against cryptocurrencies may also represent a serious blow. Indeed, we have already seen April 2024 unable to sustain the hiring momentum seen in the first quarter and we need to keep an eye on how things unfold.”
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Coinbase’s “Executive Director of the Coinbase Institute” role will lead policy development in the cryptocurrency space and play an important role in advancing the company’s policy strategy in the United States. The role will maintain oversight of substantive policy developments in the crypto ecosystem, while keeping a close eye on operational matters such as the policy team’s budget and long-term strategic planning.
The “Senior Business Development Manager (APAC Payments)” role at Binance covers management and relationships with APAC/Africa regulators, government bodies and bankers, ranging from outreach, presentation and negotiation to relationship management. Additionally, the role also emphasizes the creation and execution of localized fiat strategies to drive adoption of the cryptocurrency-based ecosystem and co-develop existing payment products and markets.
The “Director of Business Development, Ecosystem” role at Circle Internet Financial will establish and grow strategic partnerships with leading global organizations such as cryptocurrency exchanges to drive adoption and growth of the USD (USDC) coin. The role also covers professional and technical knowledge of blockchain and cryptocurrency technology.
OKEX’s “Product Director/Lead Product Manager, On-Chain Compliance” role focuses on building anti-money laundering (AML) compliance software and investigative services for key cryptocurrency ecosystem participants, advancing the compliance platform and contributing to industry standards for cryptocurrency intelligence.
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Sriprada added: “The demand for cryptocurrencies has seen cycles of rise and fall in recent years, and it is advisable to stay updated with industry news and specialized cryptocurrency business platforms to get the most accurate and up-to-date information. job opportunities in the cryptocurrency sector.”
“Crypto Hiring Thrives in Q1 2024, But April Crash Highlights Volatility, Regulatory Concerns, Says GlobalData” was originally created and published by International electronic paymentsa trademark owned by GlobalData.
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