Research shows that exchanges are the largest employers in the cryptocurrency sector.

A survey titled Human Capital Trend Report on Digital Assets published by The Block Genesis and commissioned by the Blockchain Association showed that more than 85% of crypto sector jobs focus on three main service areas: exchanges, development and mining.

According to the survey, there are 48 companies with 100 or more employees in the entire crypto sector. The largest employer is the Huobi Global exchange. Two other exchanges, OKEx and Coinbase, also stand out in terms of the number of workers employed.

In fact, almost 46% of employers with more than 100 employees are exchanges. Development companies represent about 29% of employers in this category.

The crypto sector experienced an increase in the number of employees in 2019, with around 20,000 employees worldwide. Of the largest employers, 67% are domiciled outside the United States. The country with the most employees is Singapore, with 37% of the total, followed by the USA. UU. And China, tied with 13.5% each.

The survey also shows that 91% of companies believe that unclear regulations and guidelines in the US. UU. With regard to the operation of crypto and blockchain companies, they are barriers to entry. About 43% of companies said regulatory uncertainty imposes burdensome legal costs in their operations and 91% of respondents want regulatory clarity from regulators regarding cryptography in the United States.