Cryptocurrency companies face talent shortages as rooms get crowded

Currently, crypto companies and exchanges are facing significant obstacles in recruiting talent. Cryptocurrency companies face a talent shortage as the crypto space grows at an alarming rate. The advent of traditional financial firms in the market seems to be scaring talent. There are hundreds of positions in crypto-based companies that are vacant.

Cryptocurrency companies face a skills shortage

Crypto companies are struggling to find enough talent for thousands of existing jobs, and companies are struggling to grab the attention of potential employees left and right. Binance, one of the largest exchanges in the world, is no exception to this equation.

There are over 300 places on the booming stock exchange, but only a few apply for it. Worse still, exchanges and startups struggle with banking institutions having access to this talent. This makes it even more difficult for new companies to recruit qualified new employees.

Changpeng Zhao spoke to Bloomberg about the problem and said the problem affects them too. CZ stated:

We see the industry growing exponentially every year and we need to strengthen our team to handle this. We don’t mind where people are as long as they work.

Getting remote workers is the solution for crypto companies facing talent shortages

For many crypto companies facing this dilemma, getting remote workers is the answer. The expansion of the border made it possible for them to find skilled workers in other latitudes. Coinecko, the popular rating platform for cryptocurrencies, has gone this way. The Malaysia-based company has missed several key roles and is now accepting applications from workers around the world. Coingecko CEO Bobby Ong said:

“We tried to recruit more positions over the past year, but it’s getting harder and harder to take advantage of the smaller talent pool in Malaysia.”

Coinbase also switched to its first remote working model last year due to the coronavirus outbreak. Unknowingly, this also opens up a new job market for them. But even as companies expand globally, companies still don’t get the talent they need. As a result, some companies have reduced their requirements for required positions. Neil Dundon, founder of the recruiting firm Crypto Recruit, said:

“One to two years are sufficient time experience in these positions. At the moment, the shortage of skilled workers is so great that companies are providing a broader network. “

At the end of May, CZ announced Binance’s recruitment status on Twitter.

Known as one of the most contacted crypto companies, Binance updates its ecosystem daily, weekly and monthly. CEO Changpeng Zhao asked to always answer questions directly from the community. This is the essence of the Binance team. CZ always tries to recruit new employees as quickly as possible.

Binance is also a company where all employees work remotely.

Although the entire Binance team works remotely, Binance has created a place where you can enjoy the convenience of an office. It can be so easy to create a chat room to talk, laugh, drop memes, and take part in group activities or games. CZ sometimes even recommends books to read while many members share their passion.

Working in the field of blockchain technology and cryptocurrency always offers you the best opportunities for income and personal development. In addition, it is also one of the best training and grasping methods for you to become a professional trader (if you want).

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