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Jobs Demand In Cryptocurrency At Peak In Southern Markets
Mumbai slips from number two to seven in the share of cryptocurrency job postings
Photo Credit : Shutterstock,
Mumbai, previously a leading city for cryptocurrency-related jobs, has slipped in terms of the number of job openings available in comparison to March 2018, according to data from Indeed. While Bengaluru remains in the lead for those seeking job opportunities in crypto careers, with a concentration of 34 percent of all the cryptocurrency job postings in India, Pune has now taken the second spot, with 8 percent of all postings from the city. It is followed by Hyderabad, Noida, and Gurgaon, making up the top five destinations for crypto careers in India.
Even as demand is now lower in Mumbai, cities like Ahmedabad and Thiruvananthapuram, which did not feature on the list previously, now rank among the top ten. While northern markets see consistent demand, the numbers still do not compare to their southern counterparts.
Top cities for Cryptocareers in India:
2019 Rank (Jan‘18-Dec‘18) | 2018 Rank (March‘17-March‘18) | City | % of Indian cryptocurrency job postings |
1 | 1 | Bengaluru | 34% |
2 | 4 | Pune | 8% |
3 | 3 | Hyderabad | 8% |
4 | 7 | Noida | 7% |
5 | 5 | Gurugram | 6% |
6 | 6 | Chennai | 5% |
7 | 2 | Mumbai | 4% |
8 | - | Ahmedabad | 3% |
9 | 8 | New Delhi | 3% |
10 | - | Thiruvananthapuram | 2% |
Figure indicating the percentage of Indian cryptocurrency job postings from the top 5 cities:
Venkata Machavarapu, Head of Engineering, India and Site Director at Indeed India, said, “Given the enormous scope of blockchain technology, crypto careers offer newer avenues to explore, provided one has the requisite skills. Demand for such skilled professionals has been steadily on the rise, as observed in 2018, with technology hubs such as Bengaluru and Hyderabad continuing to create the maximum number of opportunities. However, cities like Pune and Ahmedabad are now contributing a relatively larger share of openings in the sector. With the total market capitalization of crypto estimated at $211 billion, the future for jobs in the sector looks very positive.”
Given that blockchain technology did not see institutional adoption in a traditional manner, the sector is now booming with new, unconventional possibilities. As government bodies work to regularize cryptocurrency in India, there are sure to be new possibilities of growth for the sector in India in the future.
