The recovery of the digital asset market has prompted crypto companies to move from cutting staff to more aggressive hiring. Companies like Coinbase, Kraken, Binance, as well as traditional financial giants like Fidelity, have started actively posting job openings, CryptocurrencyJobs figures show.

Fidelity intends to fill vacancies in 22 cryptocurrency-related positions. Including Digital Asset Trader and VP of Crypto Investment Risk. Exchange Coinbase is seeking to fill 200 positions worldwide, while rival exchange Kraken has announced 100 openings.

From January to February, the number of job postings on CryptocurrencyJobs increased by 50% compared to January-February last year, and in March by another 45%.

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Blockchain Association senior director Dan Spuller said he sees a positive trend in the labor market and predicts that hiring in the crypto industry will continue throughout 2024. Now on the website of the Blockchain Association itself, which represents more than a hundred of the largest companies in the industry, more than 1,700 vacancies are active. A year ago there were less than 1,000.

Crypto companies are demonstrating a cautious approach to hiring new employees and, first of all, solving the problems of strengthening and reorganizing existing business areas. And the development of new directions is left for later, Bloomberg states. At the same time, plans to reduce less qualified personnel remain.

Block, led by Twitter founder Jack Dorsey, said it would cut at least 1,000 jobs by the end of 2024 but continue hiring for engineering positions.