The crypto industry is currently in a bull run, leading to a significant increase in job listings and salaries. Raman Shalupau, founder of CryptoJobsList, noted a monthly growth rate of 20–30% in the number of active companies. Many of these companies are from the bear market, rather than new entrants.

During the initial phase of a bull run, existing companies tend to focus on hiring, followed by new companies entering the market later in the cycle. A rise in VC activity usually signals this shift, along with the emergence of new business models or technologies like multichain applications.

Cryptocurrency exchanges, such as Binance, KuCoin, Coinbase, Kraken, and Gemini, are among the top hirers with over 1,000 open positions collectively. Binance leads with 350 job openings, followed closely by KuCoin, Coinbase, Kraken, and Gemini. The market also sees an increase in average salaries, with engineering roles offering $168,000 in 2024, up from $137,000 in 2022.

The United States, Singapore, and the United Kingdom are the top three locations for hiring in the crypto job market. Other countries like Hong Kong, India, and Canada are also experiencing high demand for crypto-related roles.

To navigate the growing job market successfully, candidates are advised to understand their career goals and carefully evaluate opportunities before making decisions. It's crucial to keep in mind that the bull market may not last forever, so seizing opportunities promptly is essential.