California · New York · Bitcoin Magazine
Crypto’s US Workforce Is Tiny, But Industry Punches Above Its Weight: Report
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There aren't that many crypto jobs in the US but the industry contributes a lot, a new report says.
Key facts
- That’s according to a new report published by the National Cryptocurrency Association and the Pragmatic Policy Group, which reveals that while only 34,000 people are employed by crypto companies
- The industry’s footprint is also geographically lopsided: California, New York, and Texas account for 60% of all crypto jobs, with 57,600, 53,800, and 26,500 respectively
- PPG describes the study as the first comprehensive, economy-wide look at crypto’s labor market impact, built on 2024 Bureau of Economic Analysis and Bureau of Labor Statistics data
- Stacking those indirect and induced jobs on top of the direct total produces a figure of 232,000 jobs in total that the industry supports
Summary
The crypto industry may be relatively small in terms of employers, but the economic contribution is big. That’s according to a new report published by the National Cryptocurrency Association and the Pragmatic Policy Group, which reveals that while only 34,000 people are employed by crypto companies, the industry will contribute $55 billion in 2026 to the U.S. economy. The report, “Crypto at Work”, which claims to be the first to comprehensively analyze the crypto industry’s footprint in the U.S. labor market, said that jobs in the space also average $133,000 a year, more than double the $64,000 national median wage, and ahead of average pay in tech of and manufacturing. “Crypto creates many jobs outside the tech industry and directly supports more jobs than key manufacturing industries,” the report said.